Montana Code 7-14-1637. Debt service fund
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7-14-1637. Debt service fund. An authority may create a debt service fund and accumulate in the fund a sum determined by the directors, together with the interest on the sum, for the use, repair, maintenance, and capital outlay expenses of a railroad.
Terms Used In Montana Code 7-14-1637
- Authority: means a rail authority as provided in this part. See Montana Code 7-14-1601
- Directors: means the directors of the rail authority. See Montana Code 7-14-1601