Montana Statutes

§ 7-12-4249 — Meaning Of Term Deficiency

Montana·Title 7 LOCAL GOVERNMENT·Ch. 12 IMPROVEMENT DISTRICTS·Part 42 Special Improvement Districts Continued
7-12-4249 . Meaning of term deficiency. A deficiency shall exist in any district fund whenever principal and interest is due and there is no money in the fund to pay the same.

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Legislative History

En. Sec. 5, Ch. 260, L. 1947; R.C.M. 1947, 11-2278(part).

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