Administrative Rules of Montana
Department 8 - COMMERCE
Chapter 8.97 - BOARD OF INVESTMENTS
Subchapter 8.97.7 - Municipal Finance Consolidation Program
Rule 8.97.724 - CLOSING REQUIREMENTS
Universal Citation: MT Admin Rules 8.97.724
Current through Register Vol. 18, September 20, 2024
(1) Prior to the board funding a loan, the eligible government unit shall provide the following:
(a) a complete transcript of
all proceedings, if applicable, taken by the eligible government unit in
connection with the authorization, issuance and sale of the obligations and
security therefor, certified by the recording officer of the eligible
government unit;
(b) certificates
of the duly-authorized representatives of the eligible government unit as to
the absence of litigation and the application to be made of the proceeds of the
obligations;
(c) a legal opinion
acceptable to the board as to the due and proper authorization and validity of
the obligations and the security thereof; and
(d) such other items as may be requested by
the board or its counsel.
Sec. 17-5-1605, MCA; IMP, Sec. 17-5-1611, MCA;
Disclaimer: These regulations may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
