{"data":{"id":"us-mt/7-6-1105","jurisdiction":"us-mt","citation":"7-6-1105","heading":"Refunding and renewal of short-term obligations.","body":"(1) Gross proceeds obligations may, from time to time, be renewed or refunded by the issuance of gross proceeds obligations. Gross proceeds obligations may not be renewed or refunded to a date later than 5 years from the end of the fiscal year in which the original short-term obligation was issued.\n(2) Short-term obligations may, from time to time, be renewed or refunded by the issuance of short-term obligations. Short-term obligations may not be renewed or refunded to a date later than 6 months from the end of the fiscal year in which the original short-term obligation was issued.","path":["TITLE 7. LOCAL GOVERNMENT","CHAPTER 6. FINANCIAL ADMINISTRATION AND TAXATION","Part 11. Tax and Revenue Anticipation Notes"],"source_url":"https://mca.legmt.gov/bills/mca/title_0070/chapter_0060/part_0110/section_0050/0070-0060-0110-0050.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:44:50Z","sha256":"8cb55a1e9c59475ca69592952bf06e9fe7c97cc8f276d3dfa278c11cefdaa1b0","source_id":"us-mt","stale":false,"prev":"us-mt/7-6-1104","next":"us-mt/7-6-1106"},"notice":"GroundRules: Original legal text. Not legal advice."}