Montana § 7-7-107 Limitation On Amount Of Bonds For City-County Consolidated Units

Montana Statutes

§ 7-7-107 — Limitation On Amount Of Bonds For City-County Consolidated Units

Montana § 7-7-107

Title 7LOCAL GOVERNMENT

Ch. 7DEBT MANAGEMENT

Part 1General Provisions Related to Local Governments

This text of Montana § 7-7-107 (Limitation On Amount Of Bonds For City-County Consolidated Units) 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. § 7-7-107 (2026).

Text

7-7-107 . Limitation on amount of bonds for city-county consolidated units.

(1)Except as provided in 7-7-108 , a city-county consolidated local government may not issue bonds for any purpose in an amount that, with all outstanding indebtedness, exceeds 2.5% of the total assessed value of taxable property, determined as provided in 15-8-111 , within the consolidated government, as ascertained by the last assessment for state and county taxes.

(2)The issuing of bonds for the purpose of funding or refunding outstanding warrants or bonds is not the incurring of a new or additional indebtedness but is merely the changing of the evidence of outstanding indebtedness.

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7-7-107 . Limitation on amount of bonds for city-county consolidated units. (1) Except as provided in 7-7-108 , a city-county consolidated local government may not issue bonds for any purpose in an amount that, with all outstanding indebtedness, exceeds 2.5% of the total assessed value of taxable property, determined as provided in 15-8-111 , within the consolidated government, as ascertained by the last assessment for state and county taxes.
(2) The issuing of bonds for the purpose of funding or refunding outstanding warrants or bonds is not the incurring of a new or additional indebtedness but is merely the changing of the evidence of outstanding indebtedness.

Legislative History

En. 16-2010.1 by Sec. 1, Ch. 175, L. 1975; amd. Sec. 39, Ch. 566, L. 1977; R.C.M. 1947, 16-2010.1(part); amd. Sec. 43, Ch. 614, L. 1981; amd. Sec. 3, Ch. 285, L. 1999; amd. Sec. 22, Ch. 426, L. 1999; amd. Sec. 17, Ch. 556, L. 1999; amd. Sec. 5, Ch. 29, L. 2001.