Montana § 20-9-429 - Trustees' Resolution To Issue School District Bonds Pursuant To Public Sale
Full text of Montana Montana Code Annotated § 20-9-429 — Trustees' Resolution To Issue School District Bonds Pursuant To Public Sale, with citation guidance and answers to common questions.
§ 20-9-429. Trustees' Resolution To Issue School District Bonds Pursuant To Public Sale
Trustees' resolution to issue school district bonds pursuant to public sale. If the trustees conduct a public sale, at any time after the date of the election certificate, the trustees shall adopt a resolution calling for the sale of bonds of the school district. The resolution must specify: (1) the number of series or installments in which the bonds are to be issued; (2) the amount of bonds to be issued; (3) the minimum purchase price of the bonds; (4) the purpose or purposes of the issue; (5) the date that the issue will bear; (6) the period of time through which the issue will be paid; (7) the manner of execution of the bonds; (8) whether bids will be accepted for either serial or amortization bonds and, if so, the denomination of serial or amortization bonds; (9) the date and time that the sale of the bonds must be conducted; and (10) the minimum price fixed by the board of trustees for the bonds, which may not be less than 97% of the principal amount of the bonds if the board determines that the sale is in the best interests of the district.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 20-9-429
What does Montana Code Annotated § 20-9-429 cover?
Section 20-9-429 ("Trustees' Resolution To Issue School District Bonds Pursuant To Public Sale") 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 § 20-9-429?
A common citation format is "Montana Code Annotated § 20-9-429" (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 § 20-9-429 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.