Montana § 2-17-1204 - Selecting Lender For State Building Construction Loan -- Process
Full text of Montana Montana Code Annotated § 2-17-1204 — Selecting Lender For State Building Construction Loan -- Process, with citation guidance and answers to common questions.
§ 2-17-1204. Selecting Lender For State Building Construction Loan -- Process
Selecting lender for state building construction loan -- process. (1) Except as provided in subsections (2) and (3), when selecting a financial institution to be the lender for a state building construction loan, a public agency shall select the financial institution that is the lowest responsible bidder in terms of interest rate, without regard to residency. (2) In the event the lowest bidder does not have a physical branch located in the state, the public agency shall: (a) determine if the next lowest bidder has a physical branch located in the state; and (b) if, when multiplying the low bid by 1.025, the next lowest bid is at or less than the bid of the lowest bidder, notify the next lowest bidder and give that bidder 2 business days to offer a bid of equal terms. (3) If the next lowest bidder offers an equal bid, the public agency shall select that bidder as the lender of its state building construction loan.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 2-17-1204
What does Montana Code Annotated § 2-17-1204 cover?
Section 2-17-1204 ("Selecting Lender For State Building Construction Loan -- Process") 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 § 2-17-1204?
A common citation format is "Montana Code Annotated § 2-17-1204" (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 § 2-17-1204 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.