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Montana Title 20. Education § 20-25-1404. Authorization to finance self-insured health plan for students

Current as of January 01, 2024 | Updated by Findlaw Staff

The commissioner may, subject to the approval of the board of regents, finance the initial costs to establish the plan established pursuant to 20-25-1401 by using any of the following methods:

(1) authorizing a long-term loan of university funds. The loan must bear interest at a rate equivalent to the previous fiscal year's average rate of return on the board of investments' short-term investment pool.

(2) issuing and selling bonds and notes in whole or in part for this purpose; or

(3) using any other lawful means, including the assessment of student fees.

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Cite this article: FindLaw.com - Montana Title 20. Education § 20-25-1404. Authorization to finance self-insured health plan for students - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-20-education/mt-st-20-25-1404/

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