Bill > HB63

This bill extends the application of the Bond Validating Act, which is a legal mechanism that helps validate and confirm the legality of certain bond issuances, by updating the statute to replace a specific date (March 16, 2023) with a more flexible reference to the effective date of the current act. The Bond Validating Act (Title 17, chapter 5, part 2) is a legal provision that retroactively confirms and validates bond-related proceedings and issuances that might have technical legal defects, essentially ensuring that bonds remain legally enforceable even if there were procedural irregularities in their initial creation or issuance. The bill will take effect immediately upon passage and approval, which means it can be implemented as soon as it is signed into law, allowing for continued legal certainty in bond transactions for the state of Montana.

Government Affairs

https://bills.legmt.gov/#/laws/bill/20251/LC0275