Montana Statutes
§ 67-11-205 — Joint Fund
67-11-205 . Joint fund. For the purpose of providing the joint board with moneys for the necessary expenditures in carrying out the provisions of 67-11-203 through 67-11-205 , a joint fund shall be created and maintained, into which shall be deposited the share of each of the constituent public agencies as provided by the joint agreement. Any federal, state, or other grants, contributions, or loans and the revenues obtained from the joint ownership, control, and operation of any airport or air navigation facility under the jurisdiction of the joint board shall be paid into the joint fund. Disbursements from such fund shall be made by order of the board, subject to the limitations prescribed in 67-11-204 (2).
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Legislative History
En. 1-918 by Sec. 17, Ch. 433, L. 1971; amd. Sec. 8, Ch. 232, L. 1977; R.C.M. 1947, 1-918(5).
Nearby Sections
15
§ 67-11-101
Short Title§ 67-11-102
Municipal Airport Authority§ 67-11-103
Regional Airport Authority§ 67-11-104
Commissioners§ 67-11-105
Functions -- Public And Governmental§ 67-11-106
Cooperation Of Municipality§ 67-11-201
General Powers Of Authority§ 67-11-202
Rules§ 67-11-203
Joint Exercise Of Powers§ 67-11-204
Joint Board§ 67-11-205
Joint Fund§ 67-11-206
Supplementary Powers§ 67-11-207
Through 67-11-210 Reserved§ 67-11-211
Granting Of Operation And Use Privileges§ 67-11-212
Through 67-11-220 Reserved