20-15-301. Sources of financing for and types of capital expenditures, MCA
  1. MCA Contents
  2. TITLE 20
  3. CHAPTER 15
  4. Part 3
  5. 20-15-301 Sources of financing for and types of capital expenditures

Montana Code Annotated 2017

TITLE 20. EDUCATION

CHAPTER 15. COMMUNITY COLLEGE DISTRICTS

Part 3. Finance

Sources Of Financing For And Types Of Capital Expenditures

20-15-301. Sources of financing for and types of capital expenditures. (1) The board of trustees of a community college district may:

(a) purchase, lease, build, enlarge, alter, or repair school buildings and dormitories;

(b) furnish and equip buildings;

(c) purchase sites for buildings; and

(d) issue, refund, sell, budget, and redeem the bonds of the district in accordance with the provisions of 20-15-327 and chapter 9, part 4, of this title.

(2) The board of trustees of a community college district may borrow money for the purposes of 20-15-327 and this section and repay the obligations from the various revenues of the college as described in 20-15-327.

History: En. 75-8122 by Sec. 469, Ch. 5, L. 1971; amd. Sec. 2, Ch. 419, L. 1973; R.C.M. 1947, 75-8122; amd. Sec. 1, Ch. 488, L. 1989; amd. Sec. 1, Ch. 421, L. 2017.