Montana Statutes
§ 7-13-4103 — Limitation On Indebtedness For Acquisition Of Natural Gas System
Montana·Title 7 LOCAL GOVERNMENT·Ch. 13 UTILITY SERVICES·Part 41 General Provisions Related to Municipal Utility Services
7-13-4103 . Limitation on indebtedness for acquisition of natural gas system. The total amount of indebtedness authorized to be contracted in any form, including the then-existing indebtedness, may not at any time exceed 0.92% of the total assessed value of taxable property, determined as provided in 15-8-111 , within the city or town, as ascertained by the last assessment for state and county taxes.
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Legislative History
En. Sec. 1, Ch. 128, l. 1927; re-en. Sec. 5039.85, R.C.M. 1935; amd. Sec. 22, Ch. 566, L. 1977; R.C.M. 1947, 11-988(part); amd. Sec. 49, Ch. 614, L. 1981; amd. Sec. 14, Ch. 29, L. 2001.
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