Montana § 85-8-501 - Authority To Borrow Money And Issue Notes Or Bonds
Full text of Montana Montana Code Annotated § 85-8-501 — Authority To Borrow Money And Issue Notes Or Bonds, with citation guidance and answers to common questions.
§ 85-8-501. Authority To Borrow Money And Issue Notes Or Bonds
Authority to borrow money and issue notes or bonds. The commissioners may: (1) borrow money, not exceeding the amount of assessment for the cost of construction and additional assessments, as provided in 85-8-367 and 85-8-368 , unpaid at the time of borrowing, for the construction or repair of any work which they shall be authorized to construct or repair or for the payment of any indebtedness which they may have lawfully incurred; and (2) issue notes or negotiable coupon bonds on the district, bearing interest, payable semiannually and not running beyond 1 year after the payment of the last installment of the assessment, on account of which money is borrowed, shall fall due.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 85-8-501
What does Montana Code Annotated § 85-8-501 cover?
Section 85-8-501 ("Authority To Borrow Money And Issue Notes Or 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 § 85-8-501?
A common citation format is "Montana Code Annotated § 85-8-501" (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 § 85-8-501 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.