Montana § 17-5-1311 - State's Volume Cap And Reservations -- Department To Adopt Rule
Full text of Montana Montana Code Annotated § 17-5-1311 — State's Volume Cap And Reservations -- Department To Adopt Rule, with citation guidance and answers to common questions.
§ 17-5-1311. State's Volume Cap And Reservations -- Department To Adopt Rule
State's volume cap and reservations -- department to adopt rule. (1) For each calendar year, the state's volume cap is the amount specified by the department pursuant to subsection (2). In each calendar year, subject to the provisions established by 17-5-1312 and 17-5-1313 , 70% of the state's volume cap is the state portion and 30% is the local portion. (2) The department shall adopt a rule for the state's volume cap specifying the maximum dollar value of cap bonds that may be issued in a calendar year. The rule adopted by the department must consider the volume cap.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 17-5-1311
What does Montana Code Annotated § 17-5-1311 cover?
Section 17-5-1311 ("State's Volume Cap And Reservations -- Department To Adopt Rule") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 17-5-1311?
A common citation format is "Montana Code Annotated § 17-5-1311" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 17-5-1311 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.