Montana Statutes
§ 7-13-3034 — Authorization For Reserve Fund
Montana·Title 7 LOCAL GOVERNMENT·Ch. 13 UTILITY SERVICES·Part 30 Consolidated Local Government Water Supply and Sewer Districts
7-13-3034 . Authorization for reserve fund. The governing body may, in order to secure prompt payment of any district bonds issued in payment of the cost of improvements for the district and the interest on the bonds as it becomes due, create, establish, and maintain by resolution a fund, to be designated as the "reserve fund", for each issue of bonds.
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Legislative History
En. Sec. 28, Ch. 282, L. 1991.
Nearby Sections
15
§ 7-13-106
Resolution Of Concurrence§ 7-13-108
Right To Protest§ 7-13-109
Sufficient Protest To Bar Proceedings§ 7-13-110
Hearing On Protest§ 7-13-113
Change Of Boundaries -- Limitations§ 7-13-115
Adequate Records To Be Maintained