{"data":{"id":"us-mt/7-6-1111","jurisdiction":"us-mt","citation":"7-6-1111","heading":"Gross proceeds and short-term obligations -- security.","body":"(1) Gross proceeds obligations are not general obligations of the local government and are collectible only from the collection of coal gross proceeds taxes, interest, and penalties pursuant to 15-23-708.\n(2) Short-term obligations are general obligations of the local government and must be secured by the taxes and revenues in anticipation of which the short-term obligations were issued and in such other manner as set forth in the ordinance authorizing their issuance.","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_0110/0070-0060-0110-0110.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:44:50Z","sha256":"e4695a7f3226d6a414d6815379fd1638d7080b1f73357282af9af2761867ec3f","source_id":"us-mt","stale":false,"prev":"us-mt/7-6-1106","next":"us-mt/7-6-1112"},"notice":"GroundRules: Original legal text. Not legal advice."}