Montana § 7-34-2418 General Tax To Support Bonds Authorized

Montana Statutes

§ 7-34-2418 — General Tax To Support Bonds Authorized

Montana § 7-34-2418

Title 7LOCAL GOVERNMENT

Ch. 34MEDICAL SERVICES AND BOARDING HOMES FOR THE AGED

Part 24Financing of County-Operated Health Care Facilities

This text of Montana § 7-34-2418 (General Tax To Support Bonds Authorized) 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. § 7-34-2418 (2026).

Text

7-34-2418 . General tax to support bonds authorized.

(1)(a) The governing body of a county may, with respect to bonds issued by the county pursuant to 7-34-2411 for a health care facility and if approved by the voters as provided in 7-34-2414 , by resolution covenant that:

(i)in the event that at any time all revenue, including taxes, appropriated and collected for the bonds is insufficient to pay principal or interest then due, it will levy a general tax upon all of the taxable property in the county for the payment of the deficiency; and

(ii)at any time a deficiency is likely to occur within 1 year for the payment of principal and interest due on the bonds, it will levy a general tax upon all the taxable property in the county for the payment of the deficiency.

(b)The resolution must

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7-34-2418 . General tax to support bonds authorized. (1) (a) The governing body of a county may, with respect to bonds issued by the county pursuant to 7-34-2411 for a health care facility and if approved by the voters as provided in 7-34-2414 , by resolution covenant that:
(i) in the event that at any time all revenue, including taxes, appropriated and collected for the bonds is insufficient to pay principal or interest then due, it will levy a general tax upon all of the taxable property in the county for the payment of the deficiency; and
(ii) at any time a deficiency is likely to occur within 1 year for the payment of principal and interest due on the bonds, it will levy a general tax upon all the taxable property in the county for the payment of the deficiency.
(b) The resolution must state the principal amount and purpose of the bonds and the substance of the covenant respecting deficiencies.
(2) The taxes are not subject to any limitation of rate or amount applicable to other county taxes but are limited to a rate estimated to be sufficient to produce the amount of the deficiency.
(3) In the event that the health care facility for which bonds are issued pursuant to 7-34-2411 is a joint institution, as provided in part 25, and the deficiency tax levy is authorized under 7-34-2417 , the counties may apportion the obligation to levy taxes for the payment of or in anticipation of a deficiency in the revenues appropriated for the bonds in the manner as the counties shall determine.