{"data":{"id":"us-mt/20-9-429","jurisdiction":"us-mt","citation":"20-9-429","heading":"Trustees' resolution to issue school district bonds pursuant to public sale.","body":"If the trustees conduct a public sale, at any time after the date of the election certificate, the trustees shall adopt a resolution calling for the sale of bonds of the school district. The resolution must specify:\n(1) the number of series or installments in which the bonds are to be issued;\n(2) the amount of bonds to be issued;\n(3) the minimum purchase price of the bonds;\n(4) the purpose or purposes of the issue;\n(5) the date that the issue will bear;\n(6) the period of time through which the issue will be paid;\n(7) the manner of execution of the bonds;\n(8) whether bids will be accepted for either serial or amortization bonds and, if so, the denomination of serial or amortization bonds;\n(9) the date and time that the sale of the bonds must be conducted; and\n(10) the minimum price fixed by the board of trustees for the bonds, which may not be less than 97% of the principal amount of the bonds if the board determines that the sale is in the best interests of the district.","path":["TITLE 20. EDUCATION","CHAPTER 9. FINANCE","Part 4. School Bonds"],"source_url":"https://mca.legmt.gov/bills/mca/title_0200/chapter_0090/part_0040/section_0290/0200-0090-0040-0290.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:49:28Z","sha256":"c78e8ac6368222a341ad63cef24357565dd0f3c191cfa0824a2030217368f6b9","source_id":"us-mt","stale":false,"prev":"us-mt/20-9-428","next":"us-mt/20-9-430"},"notice":"GroundRules: Original legal text. Not legal advice."}