Montana § 19-18-504 Special Tax Levy For Fund Required

Montana Statutes

§ 19-18-504 — Special Tax Levy For Fund Required

Montana § 19-18-504

Title 19PUBLIC RETIREMENT SYSTEMS

Ch. 18FIREFIGHTERS' RETIREMENT

Part 5Contributions to Fund

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Bluebook

Mont. Code Ann. § 19-18-504 (2026).

Text

19-18-504 . Special tax levy for fund required.

(1)The fund must be reviewed on an annual basis to determine whether the fund is soundly funded pursuant to 19-18-503 .

(2)Based on the annual review:

(a)if the fund contains an amount that is less than the minimum amount required to keep the fund soundly funded pursuant to 19-18-503 , the city or town council shall, subject to 15-10-420 , levy an annual tax on the taxable value of all taxable property within the city or town;

(b)if the fund contains an amount that is less than the maximum but more than the minimum required to keep the fund soundly funded pursuant to 19-18-503 (1)(a), the city or town council may, if authorized by the voters as provided in 15-10-425 , levy an annual tax.

(3)All revenue from the tax must be deposited in t

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19-18-504 . Special tax levy for fund required. (1) The fund must be reviewed on an annual basis to determine whether the fund is soundly funded pursuant to 19-18-503 .
(2) Based on the annual review:
(a) if the fund contains an amount that is less than the minimum amount required to keep the fund soundly funded pursuant to 19-18-503 , the city or town council shall, subject to 15-10-420 , levy an annual tax on the taxable value of all taxable property within the city or town;
(b) if the fund contains an amount that is less than the maximum but more than the minimum required to keep the fund soundly funded pursuant to 19-18-503 (1)(a), the city or town council may, if authorized by the voters as provided in 15-10-425 , levy an annual tax.
(3) All revenue from the tax must be deposited in the fund.

Legislative History

En. Sec. 3, Ch. 71, L. 1907; Sec. 3336, Rev. C. 1907; re-en. Sec. 5119, R.C.M. 1921; amd. Sec. 3, Ch. 58, L. 1927; amd. Sec. 1, Ch. 43, L. 1931; re-en. Sec. 5119, R.C.M. 1935; amd. Sec. 2, Ch. 43, L. 1939; amd. Sec. 1, Ch. 159, L. 1945; amd. Sec. 1, Ch. 183, L. 1949; amd. Sec. 1, Ch. 107, L. 1959; amd. Sec. 1, Ch. 24, L. 1965; amd. Sec. 2, Ch. 208, L. 1967; amd. Sec. 1, Ch. 170, L. 1974; amd. Sec. 4, Ch. 157, L. 1977; R.C.M. 1947, 11-1912(2); amd. Sec. 56, Ch. 566, L. 1981; amd. Sec. 60, Ch. 614, L. 1981; amd. Sec. 2, Ch. 606, L. 1989; Sec. 19-11-504 , MCA 1991; redes. 19-18-504 by Code Commissioner, 1993; amd. Sec. 2, Ch. 553, L. 1999; amd. Sec. 30, Ch. 29, L. 2001; amd. Sec. 26, Ch. 495, L. 2001; amd. Sec. 113, Ch. 574, L. 2001; amd. Sec. 3, Ch. 193, L. 2005; amd. Sec. 2, Ch. 64, L. 2017.