Administrative Rules of Montana
Department 8 - COMMERCE
Chapter 8.97 - BOARD OF INVESTMENTS
Subchapter 8.97.7 - Municipal Finance Consolidation Program
Rule 8.97.722 - GENERAL TERM, INTEREST RATES, FEES AND CHARGES
Universal Citation: MT Admin Rules 8.97.722
Current through Register Vol. 18, September 20, 2024
(1) The board may require an eligible government unit to pay interest on its obligations at a rate or rates sufficient to enable the board to pay debt service on any bonds or notes issued by the board, to reimburse the board for its administrative costs incurred in undertaking the program and its general operating and administrative expenses and to provide a reasonable allowance for losses that may be incurred in the program, including funding the reserve fund.
Sec. 17-5-1605, MCA; IMP, Sec. 17-5-1611, 17-5-1630, MCA;
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