Montana § 76-15-505 Authorization To Borrow Money -- Limitations

Montana Statutes

§ 76-15-505 — Authorization To Borrow Money -- Limitations

Montana § 76-15-505

Title 76LAND RESOURCES AND USE

Ch. 15CONSERVATION DISTRICTS

Part 5Financial Aspects of Conservation Districts Loan Program

This text of Montana § 76-15-505 (Authorization To Borrow Money -- Limitations) 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. § 76-15-505 (2026).

Text

76-15-505 . Authorization to borrow money -- limitations.

(1)If, after the levy of the annual assessments for the current year, the board of supervisors finds that, because of some unusual or unforeseen cause, funds raised through the collection of the assessments and from other sources will not be sufficient for the proper maintenance and operation of the district and the works in the district, the board of supervisors may:

(a)borrow additional funds needed in an amount not to exceed 50 cents per acre for the lands within the district and may pledge the credit of the district for the payment of the funds; or

(b)request the county commissioners to issue and register warrants in anticipation of further collections.

(2)Subject to 15-10-420 , the board of supervisors shall include in the

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76-15-505 . Authorization to borrow money -- limitations. (1) If, after the levy of the annual assessments for the current year, the board of supervisors finds that, because of some unusual or unforeseen cause, funds raised through the collection of the assessments and from other sources will not be sufficient for the proper maintenance and operation of the district and the works in the district, the board of supervisors may:
(a) borrow additional funds needed in an amount not to exceed 50 cents per acre for the lands within the district and may pledge the credit of the district for the payment of the funds; or
(b) request the county commissioners to issue and register warrants in anticipation of further collections.
(2) Subject to 15-10-420 , the board of supervisors shall include in the levy for the ensuing year the amount required to pay the loan or to retire the warrants. The warrants may not exceed 90% of the assessment for the year.