MontanaMontana bond validation rules would cover bonds before a cutoff
Montana would apply rules for recognizing bonds as valid to earlier bonds and related steps, though the draft leaves the cutoff date unclear.
What it does
Rules for recognizing bonds as valid would cover bonds and related steps before an unclear cutoff date. This would take effect upon passage and approval.
Argument forDefining a cutoff could help bond issuers determine which bonds and related steps fall under Montana's validation rules.
Argument againstAn unclear cutoff could leave bond issuers unsure whether the validation rules cover bonds issued near that date.
More detail
Montana's Bond Validating Act would apply to bonds issued and related steps taken before a cutoff date. Coverage would depend on when bonds were issued or related steps were taken. The draft shows both March 27, 2025 and the act's effective date, without clearly showing which would control. The act would take effect upon passage and approval.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 29(LC) Draft Ready for DeliveryLatest
- Oct 12(LC) Draft in Assembly
- Oct 8(LC) Draft in Final Drafter Review
- Sep 30(LC) Draft in Input/Proofing
- Sep 25(LC) Draft in Edit
- Sep 25(LC) Draft in Legal Review
- Sep 19(LC) Drafter AssignedIntroduced
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