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90-4-1206. Determination of cost

MT Code § 90-4-1206 (2019) (N/A)
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90-4-1206. Determination of cost. The governing authority of a governmental body, in determining the cost of a project to be financed by the issuance of revenue bonds pursuant to 90-4-1205, may include:

(1) engineering, inspection, fiscal, and legal expenses;

(2) interest estimated to accrue during the construction period of the project and for up to 6 months after the construction period on borrowed funds; and

(3) costs of issuance of the revenue bonds and the funding of a debt service reserve to secure the revenue bonds.

History: En. Sec. 6, Ch. 378, L. 2007.

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90-4-1205. Authority to issue revenue bonds
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