{"data":{"id":"us-mt/7-15-4511","jurisdiction":"us-mt","citation":"7-15-4511","heading":"Creation of special funds.","body":"In connection with the issuance of bonds and/or the incurring of any obligation under a lease and in order to secure the payment of such bonds and/or obligations, the authority shall have power to:\n(1) create or authorize the creation of special funds in which there shall be segregated:\n(a) the proceeds of any loan and/or grant;\n(b) all of the rents, fees, and revenues of any housing project or projects or parts thereof;\n(c) any money held for the payment of the costs of operation and maintenance of any such housing projects or as a reserve for the meeting of contingencies in the operation and maintenance thereof;\n(d) any money held for the payment of the principal and interest on its bonds or the sums due under its leases and/or as a reserve for such payments; and\n(e) any money held for any other reserves or contingencies; and\n(2) covenant as to the use and disposal of the money held in such funds.","path":["TITLE 7. LOCAL GOVERNMENT","CHAPTER 15. HOUSING AND CONSTRUCTION","Part 45. Municipal Housing Authorities Continued"],"source_url":"https://mca.legmt.gov/bills/mca/title_0070/chapter_0150/part_0450/section_0110/0070-0150-0450-0110.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:45:33Z","sha256":"2e0b5ef7fa68b61104b85c649b49cb0cbcc10ee6ea2c5dfcedc1bc8b2af476c4","source_id":"us-mt","stale":false,"prev":"us-mt/7-15-4510","next":"us-mt/7-15-4512"},"notice":"GroundRules: Original legal text. Not legal advice."}