Montana § 7-13-3035 Sources Of Money For Reserve Fund

Montana Statutes

§ 7-13-3035 — Sources Of Money For Reserve Fund

Montana § 7-13-3035

Title 7LOCAL GOVERNMENT

Ch. 13UTILITY SERVICES

Part 30Consolidated Local Government Water Supply and Sewer Districts

This text of Montana § 7-13-3035 (Sources Of Money For Reserve Fund) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 7-13-3035 (2026).

Text

7-13-3035 . Sources of money for reserve fund.

(1)For the purpose of providing money for the reserve fund, the governing body may in its discretion, from time to time, transfer to the reserve fund from the operation and maintenance fund of the district an amount as may be considered necessary or as may be agreed upon with the holders of the bonds.

(2)Whenever there is money in the bond fund that is not required for payment of a bond of the district or interest on the bond, as much as is necessary to pay the loan referred to in 7-13-3037 must, by order of the governing body, be transferred to the reserve fund.

Free access — add to your briefcase to read the full text and ask questions with AI

7-13-3035 . Sources of money for reserve fund. (1) For the purpose of providing money for the reserve fund, the governing body may in its discretion, from time to time, transfer to the reserve fund from the operation and maintenance fund of the district an amount as may be considered necessary or as may be agreed upon with the holders of the bonds.
(2) Whenever there is money in the bond fund that is not required for payment of a bond of the district or interest on the bond, as much as is necessary to pay the loan referred to in 7-13-3037 must, by order of the governing body, be transferred to the reserve fund.