{"data":{"id":"us-mt/7-7-4205","jurisdiction":"us-mt","citation":"7-7-4205","heading":"Term of general obligation bonds.","body":"(1) Bonds for any purpose may not be issued for a longer term than 20 years.\n(2) For purposes of this section, the term of a bond issue commences on July 1 of the fiscal year in which the city first levies taxes to pay principal and interest on the bonds.","path":["TITLE 7. LOCAL GOVERNMENT","CHAPTER 7. DEBT MANAGEMENT","Part 42. Municipal General Obligation Bonds"],"source_url":"https://mca.legmt.gov/bills/mca/title_0070/chapter_0070/part_0420/section_0050/0070-0070-0420-0050.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:45:00Z","sha256":"277024c4960d69e1909bf3f633ceac7b6c6d9bd01ad02ab475f0222e421783ad","source_id":"us-mt","stale":false,"prev":"us-mt/7-7-4204","next":"us-mt/7-7-4206"},"notice":"GroundRules: Original legal text. Not legal advice."}