Montana § 17-5-807 - Limitations On General Obligation Bonds And Bond Anticipation Notes
Full text of Montana Montana Code Annotated § 17-5-807 — Limitations On General Obligation Bonds And Bond Anticipation Notes, with citation guidance and answers to common questions.
§ 17-5-807. Limitations On General Obligation Bonds And Bond Anticipation Notes
Limitations on general obligation bonds and bond anticipation notes. (1) Bonds and bond anticipation notes may not be issued for information technology acquisitions, including hardware or software, for a period longer than the estimated useful life of the asset. (2) The chief information officer, as defined in 2-17-506 , shall estimate the useful life of the asset for the proposed information technology purchase and provide this information for inclusion prior to the department determining the appropriate financing method, as described in 2-17-512 (1)(g). (3) Whenever the department determines that the purchase of information technology hardware or software must be expensed in accordance with state accounting policy, general obligation bonds may not be issued for the purchase.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 17-5-807
What does Montana Code Annotated § 17-5-807 cover?
Section 17-5-807 ("Limitations On General Obligation Bonds And Bond Anticipation Notes") 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 § 17-5-807?
A common citation format is "Montana Code Annotated § 17-5-807" (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 § 17-5-807 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.