Montana Statutes
§ 7-12-4226 — Investment Of Surplus Reserves
Montana·Title 7 LOCAL GOVERNMENT·Ch. 12 IMPROVEMENT DISTRICTS·Part 42 Special Improvement Districts Continued
7-12-4226 . Investment of surplus reserves. Surplus reserves not needed for immediate use may from time to time be invested in securities of the United States or certificates of deposit approved by the city council. The interest earned from such investments shall be placed to the credit of the revolving fund.
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Legislative History
En. Sec. 4, Ch. 24, L. 1929; re-en. Sec. 5277.4, R.C.M. 1935; amd. Sec. 4, Ch. 255, L. 1971; R.C.M. 1947, 11-2272(part).
Nearby Sections
15
§ 7-12-1101
Short Title§ 7-12-1102
Purpose§ 7-12-1103
Definitions§ 7-12-1104
Through 7-12-1110 Reserved§ 7-12-1111
Establishment Or Expansion Of District§ 7-12-1113
Protest Against Proposed District§ 7-12-1115
Resolution Creating Or Expanding District§ 7-12-1116
Through 7-12-1120 Reserved§ 7-12-1123
Removal Of Board Member§ 7-12-1124
Through 7-12-1130 Reserved§ 7-12-1131
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