Montana § 7-13-151 Authorization For Reserve Fund

Montana Statutes

§ 7-13-151 — Authorization For Reserve Fund

Montana § 7-13-151

Title 7LOCAL GOVERNMENT

Ch. 13UTILITY SERVICES

Part 1Metropolitan Sanitary and/or Storm Sewer District

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Bluebook

Mont. Code Ann. § 7-13-151 (2026).

Text

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.