# Mont. Code Ann. § 17-5-807: 17-5-807 Limitations on general obligation bonds and bond anticipation notes

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T17_C5_P8_S17-5-807

## Section

- **Citation:** Mont. Code Ann. § 17-5-807
- **Heading:** 17-5-807 Limitations on general obligation bonds and bond anticipation notes
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 17 / Chapter 5 / Part 8 / Section 17-5-807

## Text

17-5-807 . Limitations on general obligation bonds and bond anticipation notes. (1) Bonds and bond anticipation notes may not be issued for information technology acquisitions, including hardware or software, for a period longer than the estimated useful life of the asset.

(2) The chief information officer, as defined in 2-17-506 , shall estimate the useful life of the asset for the proposed information technology purchase and provide this information for inclusion prior to the department determining the appropriate financing method, as described in 2-17-512 (1)(g).

(3) Whenever the department determines that the purchase of information technology hardware or software must be expensed in accordance with state accounting policy, general obligation bonds may not be issued for the purchase.

## Nearby sections

- [Mont. Code Ann. § 17-5-801 17-5-801 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T17_C5_P8_S17-5-801.md)
- [Mont. Code Ann. § 17-5-802 17-5-802 Authority to authorize and issue general obligation bonds and notes](https://www.frixlaw.com/law-library/statutes/STATE_MT_T17_C5_P8_S17-5-802.md)
- [Mont. Code Ann. § 17-5-803 17-5-803 Form -- principal and interest -- fiscal agent -- bond registrar and transfer agent -- deposit of proceeds](https://www.frixlaw.com/law-library/statutes/STATE_MT_T17_C5_P8_S17-5-803.md)
- [Mont. Code Ann. § 17-5-804 17-5-804 Use of capital projects account](https://www.frixlaw.com/law-library/statutes/STATE_MT_T17_C5_P8_S17-5-804.md)
- [Mont. Code Ann. § 17-5-805 17-5-805 Bond, grant, or revenue anticipation notes -- when issued -- payment of principal and interest](https://www.frixlaw.com/law-library/statutes/STATE_MT_T17_C5_P8_S17-5-805.md)
- [Mont. Code Ann. § 17-5-807 17-5-807 Limitations on general obligation bonds and bond anticipation notes](https://www.frixlaw.com/law-library/statutes/STATE_MT_T17_C5_P8_S17-5-807.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T17_C5_P8_S17-5-807. Check the current official text before relying on it. Not legal advice.