Montana § 7-7-2237 Percentage Of Electors Required To Authorize Bond Issue

Montana Statutes

§ 7-7-2237 — Percentage Of Electors Required To Authorize Bond Issue

Montana·Title 7 LOCAL GOVERNMENT·Ch. 7 DEBT MANAGEMENT·Part 22 County General Obligation Bonds

7-7-2237 . Percentage of electors required to authorize bond issue. Whenever the question of issuing county bonds for any purpose is submitted to the registered electors of a county, the determination of the approval or rejection of the bond proposition is made in the following manner:

(1)determine the total number of electors who were qualified to vote in the bond election;

(2)determine the total number of qualified electors who voted in the bond election from the tally sheet or sheets for the election;

(3)calculate the percentage of qualified electors voting in the bond election by dividing the number determined in subsection (2) by the number determined in subsection (1); and

(4)when the calculated percentage in subsection (3) is 40% or more, the bond proposition is considered appro

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7-7-2237 . Percentage of electors required to authorize bond issue. Whenever the question of issuing county bonds for any purpose is submitted to the registered electors of a county, the determination of the approval or rejection of the bond proposition is made in the following manner:
(1) determine the total number of electors who were qualified to vote in the bond election;
(2) determine the total number of qualified electors who voted in the bond election from the tally sheet or sheets for the election;
(3) calculate the percentage of qualified electors voting in the bond election by dividing the number determined in subsection (2) by the number determined in subsection (1); and
(4) when the calculated percentage in subsection (3) is 40% or more, the bond proposition is considered approved and adopted if a majority of the votes cast were in favor of the proposition, otherwise it is considered rejected; or
(5) when the calculated percentage in subsection (3) is more than 30% but less than 40%, the bond proposition is considered approved and adopted if 60% or more of the votes cast were in favor of the proposition, otherwise it is considered rejected; or
(6) when the calculated percentage in subsection (3) is 30% or less, the bond proposition is considered rejected.

Montana § 7-7-2237 (Percentage Of Electors Required To Authorize Bond Issue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. Sec. 13, Ch. 188, L. 1931; re-en. Sec. 4630.13, R.C.M. 1935; R.C.M. 1947, 16-2027; amd. Sec. 314, Ch. 571, L. 1979; amd. Sec. 1, Ch. 336, L. 1989; amd. Sec. 32, Ch. 387, L. 1995; amd. Sec. 4, Ch. 234, L. 1997; amd. Sec. 102, Ch. 49, L. 2015.