Hollow v. State

In this case we determine and hold that the provisions of Section 17-6-308, MCA, which permit the use of in-state investment fund monies (Section 17-6-306, MCA) derived from taxation to guarantee loans or bonds of private individuals or private entities either directly or through the capital reserve account (Section 17-5-1515, MCA) or through the economic development guaranty fund (Section 17-5-1520, MCA) are unconstitutional from the viewpoint of our state constitution.

I

This is an original proceeding in this Court, brought by John L. Hollow, a citizen, resident of Helena, Montana, and…