Montana Statutes
§ 7-14-236 — Limitation On Bonded Indebtedness
7-14-236 . Limitation on bonded indebtedness. The amount of bonds issued to provide funds for the district and outstanding at any time may not exceed 1.51% of the total assessed value of taxable property, determined as provided in 15-8-111 , within the district, as ascertained by the last assessment for state and county taxes prior to the issuance of the bonds.
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Legislative History
En. 11-4510 by Sec. 10, Ch. 355, L. 1975; R.C.M. 1947, 11-4510(part); amd. Sec. 50, Ch. 614, L. 1981; amd. Sec. 15, Ch. 29, L. 2001.
Nearby Sections
15
§ 7-14-1001
Purpose§ 7-14-1002
Transportation Improvement Authority§ 7-14-1003
Commissioners§ 7-14-1004
Cooperation Of County And Municipality§ 7-14-1005
General Powers Of The Authority§ 7-14-1006
Rules§ 7-14-1007
Tax Exemption§ 7-14-102
Repealed§ 7-14-104
Costs Of Discontinuation Of Trafficway§ 7-14-105
Through 7-14-109 Reserved§ 7-14-1101
Local Port Authority§ 7-14-1102
Regional Port Authority