Montana § 7-7-2206 - Term Of General Obligation Bonds
Full text of Montana Montana Code Annotated § 7-7-2206 — Term Of General Obligation Bonds, with citation guidance and answers to common questions.
§ 7-7-2206. Term Of General Obligation Bonds
Term of general obligation bonds. (1) Bonds issued for any of the purposes designated in 7-7-2201 (1) through (4) may not be for a longer term than 20 years. (2) Bonds issued for any of the purposes designated in 7-7-2201 (5) and (6) may not be for a longer term than 10 years. (3) Bonds issued for any of the purposes designated in 7-7-2202 may not be for a longer term than 20 years. (4) The length of the term required must be estimated and calculated by the board of county commissioners, based upon the percentage of valuation of the property upon which taxes are levied and paid within the county as ascertained from the last-completed assessment for state and county taxes, taking into account probable changes in the taxable valuation and losses in tax collections. Irrespective of any miscalculation by the county commissioners in fixing the term of the bonds, the county shall from year to year make a sufficient tax levy to pay the interest and installments on principal on the bonds as the payments are due. (5) For purposes of 7-7-2207 and this section, the term of a bond issue commences on July 1 of the fiscal year in which the county first levies taxes to pay principal and interest on the bonds.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-7-2206
What does Montana Code Annotated § 7-7-2206 cover?
Section 7-7-2206 ("Term Of General Obligation 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 § 7-7-2206?
A common citation format is "Montana Code Annotated § 7-7-2206" (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 § 7-7-2206 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.