Montana § 7-13-151 Authorization For Reserve Fund

Montana Statutes

§ 7-13-151 — Authorization For Reserve Fund

Montana·Title 7 LOCAL GOVERNMENT·Ch. 13 UTILITY SERVICES·Part 1 Metropolitan Sanitary and/or Storm Sewer District

7-13-151 . Authorization for reserve fund. The board of county commissioners may, in order to secure prompt payment of any metropolitan sanitary and/or storm sewer district bonds issued in payment of the cost of improvements in and for the district and the interest thereon as it becomes due, create, establish, and maintain by resolution a fund, to be designated as the "reserve fund", for each issue of such bonds.

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7-13-151 . Authorization for reserve fund. The board of county commissioners may, in order to secure prompt payment of any metropolitan sanitary and/or storm sewer district bonds issued in payment of the cost of improvements in and for the district and the interest thereon as it becomes due, create, establish, and maintain by resolution a fund, to be designated as the "reserve fund", for each issue of such bonds.

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