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Code · Montana · Title 7 — Local Government · Chapter 14 · Part 2

7-14-236. Limitation on bonded indebtedness.

61 words·~1 min read·/mt/title-7/chapter-14/part-2/7-14-236

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7-14-236 . Limitation on bonded indebtedness. The amount of bonds issued to provide funds for the district and outstanding at any time may not exceed 1.51% of the total assessed value of taxable 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.
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