Montana § 7-7-4505 - Use Of Excess Revenues And Pledged Reserves
Full text of Montana Montana Code Annotated § 7-7-4505 — Use Of Excess Revenues And Pledged Reserves, with citation guidance and answers to common questions.
§ 7-7-4505. Use Of Excess Revenues And Pledged Reserves
Use of excess revenues and pledged reserves. (1) Revenues and other funds on hand in excess of amounts pledged by ordinances and resolutions authorizing outstanding bonds for the payment of principal and interest currently due thereon and reserves securing such payment may be used to pay the expenses incurred by the municipality for the purpose of such refunding, including without limitation the cost of advertising and printing refunding bonds, legal and financial advice and assistance in connection therewith, and the reasonable and customary charges of escrow agents and paying agents. (2) Revenues and other funds on hand, including reserves pledged for the payment and security of outstanding revenue bonds, may be deposited in an escrow fund created for the retirement of such bonds and may be invested and disbursed, as provided in 7-7-4504 , to the extent consistent with the ordinances or resolutions authorizing such outstanding bonds.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-7-4505
What does Montana Code Annotated § 7-7-4505 cover?
Section 7-7-4505 ("Use Of Excess Revenues And Pledged Reserves") 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 § 7-7-4505?
A common citation format is "Montana Code Annotated § 7-7-4505" (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 § 7-7-4505 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.