Montana § 7-12-4429 Financial Assistance Options

Montana Statutes

§ 7-12-4429 — Financial Assistance Options

Montana·Title 7 LOCAL GOVERNMENT·Ch. 12 IMPROVEMENT DISTRICTS·Part 44 Special Provisions for Street Maintenance Districts

7-12-4429 . Financial assistance options. Cities and towns are authorized to:

(1)enter into suitable agreements with the United States of America, the state of Montana, or a building and loan association, savings and loan association, bank, or credit union that is a regulated lender as defined in 31-1-111 for loans of money and for receiving financial assistance to do the work and improvements contemplated by 7-12-4405 ; and

(2)provide for the repayment of the loans by yearly payments from funds derived from districts created under 7-12-4402 , apportioned over a period of time not exceeding 20 years.

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7-12-4429 . Financial assistance options. Cities and towns are authorized to:
(1) enter into suitable agreements with the United States of America, the state of Montana, or a building and loan association, savings and loan association, bank, or credit union that is a regulated lender as defined in 31-1-111 for loans of money and for receiving financial assistance to do the work and improvements contemplated by 7-12-4405 ; and
(2) provide for the repayment of the loans by yearly payments from funds derived from districts created under 7-12-4402 , apportioned over a period of time not exceeding 20 years.

Montana § 7-12-4429 (Financial Assistance Options) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. Sec. 2, Ch. 12, Ex. L. 1933; re-en. Sec. 5271.2, R.C.M. 1935; R.C.M. 1947, 11-2259; amd. Sec. 17, Ch. 212, L. 1983; amd. Sec. 18, Ch. 370, L. 1987; amd. Sec. 1, Ch. 100, L. 2009; amd. Sec. 2, Ch. 139, L. 2019.