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Legislature asked to reauthorize bond‑validation provision to protect state and local issuers
Summary
House Bill 63 would extend the application of Montana's Bond Validating Act, a frequent, technical housekeeping bill that protects bond investors from challenges to issuance arising from clerical or technical errors. Department of Administration officials and bond counsel told the committee the extension is routine and required to
Representative Julie Darling presented House Bill 63 for the Department of Administration. The bill extends the Bond Validating Act, which the department and bond counsel said is a routine, technical measure used to protect investors and stabilize the municipal bond market…
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