Plain English Breakdown
The official source does not specify an exact effective date beyond it being immediate upon passage and approval, but no specific date is provided in the text.
Extend Bond Validation Act
This law extends the use of a bond validation act to cover bonds issued and actions taken before March 16, 2023.
What This Bill Does
- Extends the application of the Bond Validating Act to include bonds issued and proceedings taken before March 16, 2023.
- Amends Section 17-5-205 of Montana Code Annotated (MCA) to reflect this extension.
Who It Names or Affects
- People or entities that issued bonds before March 16, 2023.
- Agencies involved in bond validation processes.
Terms To Know
- Bond Validating Act
- A law that validates the issuance and proceedings of certain types of bonds.
- Effective Date
- The date when a new law or amendment begins to have legal force.
Limits and Unknowns
- Does not specify what happens to bonds issued after March 16, 2023.
- Does not provide details on how the extension will be implemented.