Montana Statutes
§ 90-5-112 — Economic Development Levy
Montana·Title 90 PLANNING, RESEARCH, AND DEVELOPMENT·Ch. 5 SECONDARY INDUSTRY AND COMMERCIAL DEVELOPMENT·Part 1 Industrial Development Projects
90-5-112 . Economic development levy.
(1)Subject to 15-10-420 , the governing body of a city, county, or town is authorized to levy a tax upon the taxable value of all taxable property in the city, county, or town for the purpose of economic development. The governing body may:
(a)submit the question of the mill levy to the qualified voters as provided in 15-10-425 ; or
(b)approve the mill levy by a vote of the governing body.
(2)Funds derived from this levy may be used for purchasing land for industrial parks, constructing buildings to house manufacturing and processing operations, conducting preliminary feasibility studies, promoting economic development opportunities in a particular area, and other activities generally associated with economic development. These funds may not be use
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Legislative History
En. 11-4111 by Sec. 1, Ch. 311, L. 1975; amd. Sec. 32, Ch. 566, L. 1977; R.C.M. 1947, 11-4111; amd. Sec. 2, Ch. 5, Sp. L. June 1989; amd. Sec. 1, Ch. 457, L. 1991; amd. Sec. 1, Ch. 386, L. 1993; amd. Sec. 1, Ch. 279, L. 1995; amd. Sec. 163, Ch. 584, L. 1999; amd. Sec. 33, Ch. 495, L. 2001; amd. Sec. 243, Ch. 574, L. 2001.
Nearby Sections
15
§ 90-5-101
Definitions§ 90-5-102
General Municipal And County Powers§ 90-5-104
Hearing§ 90-5-105
Provisions For Security Of Bondholders§ 90-5-106
Determination Of Costs -- Terms Of Lease§ 90-5-107
Refunding Of Bonds§ 90-5-108
Use Of Proceeds Of Bond Sales§ 90-5-109
Cost Of Projects§ 90-5-110
Taxation Of Projects§ 90-5-111
Powers Cumulative§ 90-5-112
Economic Development Levy§ 90-5-114
Preference Of Montana Labor