Montana § 17-5-1505 - Financing Programs Of The Board
Full text of Montana Montana Code Annotated § 17-5-1505 — Financing Programs Of The Board, with citation guidance and answers to common questions.
§ 17-5-1505. Financing Programs Of The Board
Financing programs of the board. (1) The board may: (a) invest in, purchase or make commitments to purchase, and take assignment from financial institutions of notes, mortgages, loan agreements, and other securities evidencing loans for the acquisition, construction, reconstruction, or improvement of projects located in the state, under terms and conditions determined by the board; (b) acquire, by construction, purchase, devise, gift, lease, or any combination of methods, from financial institutions, projects located in the state and lease such projects to others for such rentals and upon such terms and conditions as determined by the board; (c) make loans to financial institutions, under terms and conditions determined by the board, requiring the proceeds to be used by the financial institution for the purpose of financing the acquisition, construction, reconstruction, or improvement of projects located in the state; or (d) finance projects located in the state upon such terms and conditions as determined by the board. (2) The board may not operate any project as a business or in any other manner except as the lessor thereof or as may be necessary for a temporary period through the enforcement of its rights under a lease, loan agreement, or other security agreement.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 17-5-1505
What does Montana Code Annotated § 17-5-1505 cover?
Section 17-5-1505 ("Financing Programs Of The Board") 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 § 17-5-1505?
A common citation format is "Montana Code Annotated § 17-5-1505" (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 § 17-5-1505 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.