{"data":{"id":"us-mt/7-7-4211","jurisdiction":"us-mt","citation":"7-7-4211","heading":"Citizen bonds authorized.","body":"(1) A city or town authorized to sell general obligation bonds under this chapter may issue and sell any portion of the bond in denominations of less than $5,000 by:\n(a) competitive public sale, directly to members of the public, at preestablished interest rates; or\n(b) private sale.\n(2) Citizen bonds may be issued for any purpose for which a city or town may issue general obligation bonds.\n(3) Bonds issued under 7-7-4211 through 7-7-4213 may be known as \"citizen bonds\".\n(4) An officer, employee, contracted financial consultant, or contracted advisor employed or retained by a city or town selling citizen bonds may not purchase those 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_0110/0070-0070-0420-0110.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:45:00Z","sha256":"1abe2a0e27856e4636c0f7a2255b167e6ad804121645a8bf8d7dd8c08fdad5bd","source_id":"us-mt","stale":false,"prev":"us-mt/7-7-4210","next":"us-mt/7-7-4212"},"notice":"GroundRules: Original legal text. Not legal advice."}