Montana § 7-6-1111 - Gross Proceeds And Short-Term Obligations -- Security
Full text of Montana Montana Code Annotated § 7-6-1111 — Gross Proceeds And Short-Term Obligations -- Security, with citation guidance and answers to common questions.
§ 7-6-1111. Gross Proceeds And Short-Term Obligations -- Security
Gross proceeds and short-term obligations -- security. (1) Gross proceeds obligations are not general obligations of the local government and are collectible only from the collection of coal gross proceeds taxes, interest, and penalties pursuant to 15-23-708 . (2) Short-term obligations are general obligations of the local government and must be secured by the taxes and revenues in anticipation of which the short-term obligations were issued and in such other manner as set forth in the ordinance authorizing their issuance.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-6-1111
What does Montana Code Annotated § 7-6-1111 cover?
Section 7-6-1111 ("Gross Proceeds And Short-Term Obligations -- Security") 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 § 7-6-1111?
A common citation format is "Montana Code Annotated § 7-6-1111" (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 § 7-6-1111 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.