Montana § 7-14-4722 Treatment Of Installments Due On Bonds

Montana Statutes

§ 7-14-4722 — Treatment Of Installments Due On Bonds

Montana § 7-14-4722

Title 7LOCAL GOVERNMENT

Ch. 14TRANSPORTATION

Part 47Pedestrian Malls and Offstreet Parking Facilities

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Bluebook

Mont. Code Ann. § 7-14-4722 (2026).

Text

7-14-4722 . Treatment of installments due on bonds.

(1)An uncollected installment shall be added to the succeeding installment and, together with interest and penalties, shall be payable therewith.

(2)All assessments of $25 or more not paid before the certification of assessments unpaid to the clerk shall bear interest from the date of the warrant at the same rate as that specified for the bonds in the resolution of intention. The interest shall be payable on June 1 and December 1 of each year immediately before the interest becomes due on the bonds, but the governing body may provide a plan whereby the interest may be collected in partial payments prior to the date it becomes due.

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7-14-4722 . Treatment of installments due on bonds. (1) An uncollected installment shall be added to the succeeding installment and, together with interest and penalties, shall be payable therewith.
(2) All assessments of $25 or more not paid before the certification of assessments unpaid to the clerk shall bear interest from the date of the warrant at the same rate as that specified for the bonds in the resolution of intention. The interest shall be payable on June 1 and December 1 of each year immediately before the interest becomes due on the bonds, but the governing body may provide a plan whereby the interest may be collected in partial payments prior to the date it becomes due.