Montana § 80-12-312 - Reserve Funds And Appropriations
Full text of Montana Montana Code Annotated § 80-12-312 — Reserve Funds And Appropriations, with citation guidance and answers to common questions.
§ 80-12-312. Reserve Funds And Appropriations
Reserve funds and appropriations. (1) The authority shall pay into one or more capital reserve accounts any: (a) money appropriated and made available by the state for the purpose of the fund; (b) proceeds of sale of bonds to the extent provided in the resolutions of the authority authorizing their issuance or in any trust indenture securing their repayment; and (c) other money that may be available to the authority for the purpose of such a fund from any other source. (2) All amounts held in a capital reserve account must be used solely for the payment of principal, interest, and a redemption premium with respect to bonds secured in whole or in part by the account. Funds in an account may not be withdrawn at any time in an amount that reduces the amount of the account to less than the minimum capital reserve requirement established for the account except for the purpose, with respect to bonds secured in whole or in part by the account, of making payment, when due, of principal, interest, or redemption premiums for the payment of which other money pledged is not available.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 80-12-312
What does Montana Code Annotated § 80-12-312 cover?
Section 80-12-312 ("Reserve Funds And Appropriations") 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 § 80-12-312?
A common citation format is "Montana Code Annotated § 80-12-312" (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 § 80-12-312 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.