90-8-305. Sale of debentures. (1) A qualified Montana capital company or the qualified Montana small business investment capital company is authorized to issue and sell debentures to the permanent coal tax trust fund.
     (2) Proceeds received by a qualified Montana capital company or by the qualified Montana small business investment capital company from the sale of debentures authorized in subsection (1) must be invested in accordance with the provisions of 90-8-301, except that the time periods for making qualified investments must be calculated from the date the company sells the debentures to the permanent coal tax trust fund.

     History: En. Sec. 1, Ch. 708, L. 1989; amd. Sec. 13, Ch. 263, L. 1991; amd. Sec. 16, Ch. 589, L. 1991.