Montana § 7-7-2261 - Maintenance Of Accounts For Bond Issues
Full text of Montana Montana Code Annotated § 7-7-2261 — Maintenance Of Accounts For Bond Issues, with citation guidance and answers to common questions.
§ 7-7-2261. Maintenance Of Accounts For Bond Issues
Maintenance of accounts for bond issues. (1) The county treasurer of each county shall keep in the county's books a special and separate sinking fund account for each series or issue of outstanding bonds, including citizen bonds as provided in 7-7-2212 through 7-7-2215 , issued by the county. Each fund must at all times show the exact condition of the bonds. (2) All taxes collected for interest and principal on county bonds must be placed to the credit of the sinking fund for which the taxes were levied. (3) Interest from investment of money in a sinking fund account may, in the discretion of the board of county commissioners, be used as it accrues to fulfill or complete the specific project for which the bonds were issued. (4) The sinking fund must be administered as provided in 7-7-123 , 7-7-124 , and 7-7-2270 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-7-2261
What does Montana Code Annotated § 7-7-2261 cover?
Section 7-7-2261 ("Maintenance Of Accounts For Bond Issues") 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 § 7-7-2261?
A common citation format is "Montana Code Annotated § 7-7-2261" (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 § 7-7-2261 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.