Montana § 85-9-406 Directors' Powers Over Finance

Montana Statutes

§ 85-9-406 — Directors' Powers Over Finance

Montana § 85-9-406

Title 85WATER USE

Ch. 9CONSERVANCY DISTRICTS

Part 4Organization and Procedure

This text of Montana § 85-9-406 (Directors' Powers Over Finance) 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. § 85-9-406 (2026).

Text

85-9-406 . Directors' powers over finance. On behalf of the district, the directors may:

(1)borrow money and incur indebtedness and issue bonds to finance works as provided by this chapter;

(2)in addition to all voted indebtedness, borrow money as necessary, but the amount may not at any one time exceed 0.23% of the total assessed value of taxable real property, determined as provided in 15-8-111 , within the district, as ascertained by the last assessment for state and county taxes prior to the issuance of the bonds;

(3)mortgage property owned by the district if the terms of the mortgage are not inconsistent with the provisions of a resolution authorizing the sale of bonds;

(4)use any surplus funds to purchase outstanding bonds;

(5)refund bonded indebtedness incurred by the district

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85-9-406 . Directors' powers over finance. On behalf of the district, the directors may:
(1) borrow money and incur indebtedness and issue bonds to finance works as provided by this chapter;
(2) in addition to all voted indebtedness, borrow money as necessary, but the amount may not at any one time exceed 0.23% of the total assessed value of taxable real property, determined as provided in 15-8-111 , within the district, as ascertained by the last assessment for state and county taxes prior to the issuance of the bonds;
(3) mortgage property owned by the district if the terms of the mortgage are not inconsistent with the provisions of a resolution authorizing the sale of bonds;
(4) use any surplus funds to purchase outstanding bonds;
(5) refund bonded indebtedness incurred by the district as provided by this chapter;
(6) after a hearing held in accordance with 85-9-602 , make assessments sufficient to meet the budgetary requirements for the coming year.