7-12-4429. Financial assistance options.
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/mt/title-7/chapter-12/part-44/7-12-4429·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
7-12-4429 . Financial assistance options. Cities and towns are authorized to:
(1)enter into suitable agreements with the United States of America, the state of Montana, or a building and loan association, savings and loan association, bank, or credit union that is a regulated lender as defined in 31-1-111 for loans of money and for receiving financial assistance to do the work and improvements contemplated by 7-12-4405 ; and
(2)provide for the repayment of the loans by yearly payments from funds derived from districts created under 7-12-4402 , apportioned over a period of time not exceeding 20 years.