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Routine extension of Bond Validating Act to protect state and local bond markets
House State Administration Committee · January 8, 2025
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Summary
House Bill 63 extends the application of Montana’s Bond Validating Act to protect state and local government bond issues from legal challenges based on clerical or technical errors; Department of Administration witnesses said the measure is routine and necessary for market predictability.
Representative Julie Darling presented House Bill 63 at the request of the Department of Administration to extend the Bond Validating Act (MCA 17-5-205). Director Misty Ann Giles, CFO Kristen Reynolds, and bond counsel Courtney Ellis (Dorsey &…
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