{"data":{"id":"us-mt/17-5-1612","jurisdiction":"us-mt","citation":"17-5-1612","heading":"Specific loan authorization.","body":"The legislature intends that individual state agencies may borrow from the program established in this part, as specifically authorized by the legislature under the following conditions:\n(1) A loan for which the security is an enterprise or internal service fund source may be approved by a simple majority vote of the legislature.\n(2) A loan for which the security is a general fund appropriation, a general fund revenue source, or any type of tax or fee imposed by the legislature must be approved by a two-thirds vote of the members of each house of the legislature and must include language authorizing the creation of a state debt under Article VIII, section 8, of the Montana constitution.","path":["TITLE 17. STATE FINANCE","CHAPTER 5. PUBLIC BOND ISSUES","Part 16. Municipal Finance Consolidation Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0170/chapter_0050/part_0160/section_0120/0170-0050-0160-0120.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:48:17Z","sha256":"a0b2009fdd281f7e8788194834fb5a481c374a9a027976bfcb00f81952d7c9ee","source_id":"us-mt","stale":false,"prev":"us-mt/17-5-1611","next":"us-mt/17-5-1613"},"notice":"GroundRules: Original legal text. Not legal advice."}