{"data":{"id":"us-mt/80-12-103","jurisdiction":"us-mt","citation":"80-12-103","heading":"Agricultural loan authority -- general powers.","body":"The authority may:\n(1) retain professional consultants and advisers;\n(2) adopt rules governing its procedures;\n(3) purchase agricultural loans made by financial institutions;\n(4) issue bonds, in accordance with 80-12-301, necessary to provide funds for implementing this chapter;\n(5) invest any funds generated by sale of bonds in the permissible investments outlined in 17-6-211 until such time as the funds are needed for any of the authority's other functions;\n(6) procure insurance or guaranties in amounts and in the form the authority considers desirable or necessary, from any party, including a governmental agency, against any loss in connection with its loan agreements; and\n(7) use the assistance and services of the farmers home administration, the production credit association, the federal land bank, or private lenders in approving loans for issuance of bonds.","path":["TITLE 80. AGRICULTURE","CHAPTER 12. MONTANA AGRICULTURAL LOAN AUTHORITY ACT","Part 1. General"],"source_url":"https://mca.legmt.gov/bills/mca/title_0800/chapter_0120/part_0010/section_0030/0800-0120-0010-0030.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T05:00:46Z","sha256":"9109cfbfb7726e3e5a158dff709f89716b299c05bc2c1cde72ded84b93d42f5c","source_id":"us-mt","stale":false,"prev":"us-mt/80-12-102","next":"us-mt/80-12-104"},"notice":"GroundRules: Original legal text. Not legal advice."}