Montana Statutes
§ 7-14-4633 — Municipality Authorized To Collect In-Lieu Payments From Parking Commission -- Limitations
7-14-4633 . Municipality authorized to collect in-lieu payments from parking commission -- limitations. The legislative body may by resolution provide for a sum to be paid annually by the commission to the city. This sum shall not exceed the amount the commission would be required to pay in ad valorem taxes if it were a private entity owning the same property and shall not be paid from any funds needed for current operation, maintenance, debt service, or repairs or for compliance with any other provisions of indentures securing obligations of the commission.
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Montana § 7-14-4633 (Municipality Authorized To Collect In-Lieu Payments From Parking Commission -- Limitations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 10, Ch. 223, L. 1951; amd. Sec. 4, Ch. 401, L. 1973; R.C.M. 1947, 11-3710(part).
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Repealed§ 7-14-104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