Montana § 7-15-4511 - Creation Of Special Funds
Full text of Montana Montana Code Annotated § 7-15-4511 — Creation Of Special Funds, with citation guidance and answers to common questions.
§ 7-15-4511. Creation Of Special Funds
Creation of special funds. In connection with the issuance of bonds and/or the incurring of any obligation under a lease and in order to secure the payment of such bonds and/or obligations, the authority shall have power to: (1) create or authorize the creation of special funds in which there shall be segregated: (a) the proceeds of any loan and/or grant; (b) all of the rents, fees, and revenues of any housing project or projects or parts thereof; (c) any money held for the payment of the costs of operation and maintenance of any such housing projects or as a reserve for the meeting of contingencies in the operation and maintenance thereof; (d) any money held for the payment of the principal and interest on its bonds or the sums due under its leases and/or as a reserve for such payments; and (e) any money held for any other reserves or contingencies; and (2) covenant as to the use and disposal of the money held in such funds.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-15-4511
What does Montana Code Annotated § 7-15-4511 cover?
Section 7-15-4511 ("Creation Of Special Funds") 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 § 7-15-4511?
A common citation format is "Montana Code Annotated § 7-15-4511" (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 § 7-15-4511 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.