Montana § 7-12-4243 Procedure To Create And Maintain Supplemental Revolving Fund -- Election Required -- Qualified Electors Defined

Montana Statutes

§ 7-12-4243 — Procedure To Create And Maintain Supplemental Revolving Fund -- Election Required -- Qualified Electors Defined

Montana § 7-12-4243

Title 7LOCAL GOVERNMENT

Ch. 12IMPROVEMENT DISTRICTS

Part 42Special Improvement Districts Continued

This text of Montana § 7-12-4243 (Procedure To Create And Maintain Supplemental Revolving Fund -- Election Required -- Qualified Electors Defined) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 7-12-4243 (2026).

Text

7-12-4243 . Procedure to create and maintain supplemental revolving fund -- election required -- qualified electors defined.

(1)(a) A supplemental revolving fund may be created by ordinance, subject to the approval of a majority of the qualified electors voting at an election held in accordance with Title 13, chapter 1, part 5.

(b)As used in 7-12-4241 through 7-12-4258 , "qualified electors" means registered electors of the municipality.

(2)The supplemental revolving fund must be created and maintained solely from the net revenue of parking meters. The ordinance may pledge to the revolving fund all or any part of the net revenue of parking meters owned, leased, rented, or acquired by the city or town. The ordinance must contain any provisions concerning the purchase, control, operation,

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7-12-4243 . Procedure to create and maintain supplemental revolving fund -- election required -- qualified electors defined. (1) (a) A supplemental revolving fund may be created by ordinance, subject to the approval of a majority of the qualified electors voting at an election held in accordance with Title 13, chapter 1, part 5.
(b) As used in 7-12-4241 through 7-12-4258 , "qualified electors" means registered electors of the municipality.
(2) The supplemental revolving fund must be created and maintained solely from the net revenue of parking meters. The ordinance may pledge to the revolving fund all or any part of the net revenue of parking meters owned, leased, rented, or acquired by the city or town. The ordinance must contain any provisions concerning the purchase, control, operation, repair, and maintenance of parking meters, including rates to be charged, and the application of the net revenue from the meters and the management and use of the supplemental revolving fund that the council considers necessary.