60-11-1211. Use of bond proceeds. (1) The proceeds of the bonds shall be used by the department to make loans to persons doing business or resident in Montana for financing rolling stock projects when the rolling stock is to be based in Montana and used primarily for the transport of grain, coal, ore, lumber, freight, and commodities produced in Montana.
     (2) The revenue from the sale or use of the rolling stock shall be used for repayment of the loans.

     History: En. Sec. 11, Ch. 565, L. 1979; amd. Sec. 12, Ch. 486, L. 1981.