Montana Statutes
§ 85-7-1416 — Undertakings To Be Self-Supporting
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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Legislative History
En. Sec. 9, Ch. 193, L. 1987.
Nearby Sections
15
§ 85-7-1001
Proceedings For Dissolution Of District§ 85-7-1003
Contents Of Petition§ 85-7-1005
Hearing On Petition, Notice, And Order§ 85-7-1006
Court's Authority At Hearing§ 85-7-1007
Court Decree And Sale Of Assets§ 85-7-1008
Final Decree Of Dissolution -- When Made§ 85-7-102
Evidence Of Title§ 85-7-104
Petition For Organization§ 85-7-105
Order And Notice Of Hearing On Petition§ 85-7-106
Hearing On Petition