Mont. Code § 7-6-1112

Current through the 2023 Regular Session

Section 7-6-1112 - Funds for payment of principal and interest

For the purpose of providing funds for the payment of principal of and interest on gross proceeds obligations or short-term obligations, the governing body may authorize the creation of a special fund or funds and provide for the payment from authorized sources to such funds of amounts sufficient to meet principal and interest requirements.

§ 7-6-1112, MCA

Amended by Laws 2021, Ch. 145,Sec. 8, eff. 4/8/2021, applicable: (1) retroactively, within the meaning of 1-2-109, to installment payments of delinquent coal gross proceeds taxes, interest, and penalties that were due on or before 4/8/2021; and (2) to installment payments of delinquent coal gross proceeds taxes, interest, and penalties due after 4/8/2021..

En. Sec. 6, Ch. 481, L. 1985.