Montana § 7-6-4011 - Use Of Bond Proceeds And Borrowed Money
Full text of Montana Montana Code Annotated § 7-6-4011 — Use Of Bond Proceeds And Borrowed Money, with citation guidance and answers to common questions.
§ 7-6-4011. Use Of Bond Proceeds And Borrowed Money
Use of bond proceeds and borrowed money. (1) Except as otherwise provided by law, money borrowed by a local government may be used only for the purpose for which the money was borrowed. Unless restricted by law, surplus borrowed money may be used to redeem the debt for which the money was borrowed. (2) The authorization of bonds by the electors or the governing body constitutes the appropriation of the bond proceeds for the purpose for which the bonds are authorized.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-6-4011
What does Montana Code Annotated § 7-6-4011 cover?
Section 7-6-4011 ("Use Of Bond Proceeds And Borrowed Money") 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 § 7-6-4011?
A common citation format is "Montana Code Annotated § 7-6-4011" (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 § 7-6-4011 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.