Comprehensive Annual Financial Report for the Fiscal Year Ended 1986 Jun 30
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However, if the balance in the MEDB's "Capital Reserve Account A" falls below the indenture requirement, the Governor is required to request the Legislature to appropriate funds to restore the balance. The Legislature may, but is not legally obligated to, appropriate funds to correct any such deficiency. Principal payments (accrued interest to be added) are due each March 15. Series 1985 J ($665,000) was recalled on March 15, 1986 without a gain (loss) on extinguishment.
(2) These bonds were is...sued to provide funds for the MEDB to finance the purchase of tax or revenue anticipation notes (TRANS) of participating local government units. The bonds are due September 27, 1986 and are not a debt or liability of the State of Montana. The bonds are limited obligations of the MEDB payable solely from repayments of principal and interest on local government TRANS, proceeds of a loan made to MEDB by the Montana State Board of Investments and investment income.
31 No-Commitment Debt Information is presented below for financing authorities participating in debt issues which are not recorded in the accompanying financial statements.
What to read after Comprehensive Annual Financial Report for the Fiscal Year Ended 1986 Jun 30?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Dept. of Administration. Accounting Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
However, if the balance in the MEDB's "Capital Reserve Account A" falls below the indenture requirement, the Governor is required to request the Legislature to appropriate funds to restore the balance. The Legislature may, but is not legally obligated to, appropriate funds to correct any such deficiency. Principal payments (accrued interest to be added) are due each March 15. Series 1985 J ($665,000) was recalled on March 15, 1986 without a gain (loss) on extinguishment.
(2) These bonds were is...sued to provide funds for the MEDB to finance the purchase of tax or revenue anticipation notes (TRANS) of participating local government units. The bonds are due September 27, 1986 and are not a debt or liability of the State of Montana. The bonds are limited obligations of the MEDB payable solely from repayments of principal and interest on local government TRANS, proceeds of a loan made to MEDB by the Montana State Board of Investments and investment income.
31 No-Commitment Debt Information is presented below for financing authorities participating in debt issues which are not recorded in the accompanying financial statements.
What to read after Comprehensive Annual Financial Report for the Fiscal Year Ended 1986 Jun 30?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Dept. of Administration. Accounting Division to read onlineMoreLess
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