Montana § 7-14-4635 - Authority To Establish Lien On Charges For Payment Of Bonds
Full text of Montana Montana Code Annotated § 7-14-4635 — Authority To Establish Lien On Charges For Payment Of Bonds, with citation guidance and answers to common questions.
§ 7-14-4635. Authority To Establish Lien On Charges For Payment Of Bonds
Authority to establish lien on charges for payment of bonds. The commission may provide that bond redemption and the interest payment shall constitute a first, direct, and exclusive charge and lien on all such fees, charges, and other revenues and interest thereon and sinking funds created therefrom received from the use and operation of the project for the acquisition, construction, or completion of which such revenue bonds were issued. All such fees and charges and other revenues, together with the interest thereon, shall constitute a trust fund for the security and payment of such bonds and shall not be used or pledged for any other purpose so long as such bonds (or any of them) are outstanding and unpaid.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-14-4635
What does Montana Code Annotated § 7-14-4635 cover?
Section 7-14-4635 ("Authority To Establish Lien On Charges For Payment Of Bonds") 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 § 7-14-4635?
A common citation format is "Montana Code Annotated § 7-14-4635" (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 § 7-14-4635 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.