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8.97.1805    CLOSING OF LOANS

(1) The board will issue its bonds or notes in amounts sufficient to fund the loans approved by the board. Upon certification by the financial institution that all provisions of the loan commitment have been complied with, the loan will be scheduled for closing and payment of money to the financial institution.

History: Sec. 17-5-1504, 17-5-1521, MCA; IMP, Sec. 17-5-1504, 17-5-1521, MCA; NEW, 1989 MAR p. 659, Eff. 5/26/89.
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