Montana Code Annotated 2019

TITLE 17. STATE FINANCE

CHAPTER 5. PUBLIC BOND ISSUES

Part 15. Economic Development Bonds

Pledge Of The State

17-5-1522. Pledge of the state. In accordance with the constitutions of the United States and the state of Montana, the state pledges that it will not in any way impair the obligations of any agreement between the board and the holders of notes and bonds issued by the board, including but not limited to an agreement to administer a loan program financed by the issuance of bonds and to employ a staff sufficient and competent for this purpose.

History: En. Sec. 20, Ch. 686, and Sec. 22, Ch. 701, L. 1983.