Montana § 85-7-1416 Undertakings To Be Self-Supporting

Montana Statutes

§ 85-7-1416 — Undertakings To Be Self-Supporting

Montana § 85-7-1416

Title 85WATER USE

Ch. 7IRRIGATION DISTRICTS

Part 14Irrigation District Revenue Bond Act

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Bluebook

Mont. Code Ann. § 85-7-1416 (2026).

Text

85-7-1416 . Undertakings to be self-supporting.

(1)An issuer issuing bonds pursuant to this part shall collect reasonable fees for the services, facilities, and commodities of the undertaking and shall revise the fees from time to time so that the undertaking remains self-supporting.

(2)The fees prescribed must produce revenue at least sufficient to:

(a)pay when due all bonds and interest thereon for which the revenue is pledged, including reserves; and

(b)provide for all expenses of operation and maintenance of the undertaking, including reserves.

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85-7-1416 . Undertakings to be self-supporting. (1) An issuer issuing bonds pursuant to this part shall collect reasonable fees for the services, facilities, and commodities of the undertaking and shall revise the fees from time to time so that the undertaking remains self-supporting.
(2) The fees prescribed must produce revenue at least sufficient to:
(a) pay when due all bonds and interest thereon for which the revenue is pledged, including reserves; and
(b) provide for all expenses of operation and maintenance of the undertaking, including reserves.