{"data":{"id":"us-mt/17-5-1311","jurisdiction":"us-mt","citation":"17-5-1311","heading":"State's volume cap and reservations -- department to adopt rule.","body":"(1) For each calendar year, the state's volume cap is the amount specified by the department pursuant to subsection (2). In each calendar year, subject to the provisions established by 17-5-1312 and 17-5-1313, 70% of the state's volume cap is the state portion and 30% is the local portion.\n(2) The department shall adopt a rule for the state's volume cap specifying the maximum dollar value of cap bonds that may be issued in a calendar year. The rule adopted by the department must consider the volume cap.","path":["TITLE 17. STATE FINANCE","CHAPTER 5. PUBLIC BOND ISSUES","Part 13. Montana Unified Volume Cap Bond Allocation Plan Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0170/chapter_0050/part_0130/section_0110/0170-0050-0130-0110.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:48:14Z","sha256":"58b48f3b03c61166c33a285e4fcb7d16dda37e86f60bf72ba15c4eb988cc39dc","source_id":"us-mt","stale":false,"prev":"us-mt/17-5-1303","next":"us-mt/17-5-1312"},"notice":"GroundRules: Original legal text. Not legal advice."}