If the governing body determines to sell any refunding bonds, the refunding bonds may not be sold at less than 97% of the face value and must be sold at public or private sale and in a manner and upon terms that the governing body considers best for the interests of the municipality.
Mont. Code Ann. § 7-7-4626
Details relating to sales of refunding revenue bonds
Known as the The Revenue Bond Refinancing Act
The act spans §§ 7–7 (24 sections).
En
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.