Montana § 7-7-4102 - Investment Of Certain Bond Proceeds
Full text of Montana Montana Code Annotated § 7-7-4102 — Investment Of Certain Bond Proceeds, with citation guidance and answers to common questions.
§ 7-7-4102. Investment Of Certain Bond Proceeds
Investment of certain bond proceeds. (1) Whenever the city or town has under its control any money realized from the sale of bonds, for which there is no immediate demand and which in the judgment of the city or town council it would be advantageous to invest in any time or savings deposits, United States certificates of indebtedness, United States treasury notes, or United States treasury bonds having a maturity date of 1 year or less, the city or town council is authorized in their discretion to direct the city treasurer or town clerk to make such investments. (2) Interest earned from such investments, including interest on the sale of bonds accrued in the period between the date of issue and the time of purchase, shall be credited to the bond sinking fund of the city or town.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-7-4102
What does Montana Code Annotated § 7-7-4102 cover?
Section 7-7-4102 ("Investment Of Certain Bond Proceeds") 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 § 7-7-4102?
A common citation format is "Montana Code Annotated § 7-7-4102" (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 § 7-7-4102 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.