Montana § 85-9-632 Revolving Funds

Montana Statutes

§ 85-9-632 — Revolving Funds

Montana § 85-9-632

Title 85WATER USE

Ch. 9CONSERVANCY DISTRICTS

Part 6Finance

This text of Montana § 85-9-632 (Revolving Funds) 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. § 85-9-632 (2026).

Text

85-9-632 . Revolving funds.

(1)The directors by resolution may establish revolving funds to finance, on a reimbursable basis:

(a)construction, purchase, lease, and operation of revenue-producing works;

(b)contracts to provide services or facilities.

(2)Money in the revolving fund shall not be spent for any purposes other than those specified in the resolution. However, excess money may be transferred to any sinking and interest fund of the district.

(3)The county treasurer of the county having the largest portion of the taxable valuation of real property of the district shall maintain a separate account for each revolving fund of the district, and all money collected under the resolution shall be deposited with the county treasurer.

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85-9-632 . Revolving funds. (1) The directors by resolution may establish revolving funds to finance, on a reimbursable basis:
(a) construction, purchase, lease, and operation of revenue-producing works;
(b) contracts to provide services or facilities.
(2) Money in the revolving fund shall not be spent for any purposes other than those specified in the resolution. However, excess money may be transferred to any sinking and interest fund of the district.
(3) The county treasurer of the county having the largest portion of the taxable valuation of real property of the district shall maintain a separate account for each revolving fund of the district, and all money collected under the resolution shall be deposited with the county treasurer.