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Code · Montana · Title 7 — Local Government · Chapter 2 · Part 49

7-2-4911. Certification of financial condition.

114 words·~1 min read·/mt/title-7/chapter-2/part-49/7-2-4911

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7-2-4911 . Certification of financial condition.
(1)Upon receiving a certified copy of the order of disincorporation, the director of the department of administration shall certify a current statement of the financial condition of the disincorporating city or town to the board of county commissioners.
(2)The statement must include but is not limited to:
(a)a determination of all assets of the city or town, including any current or delinquent utility accounts and taxes receivable; and
(b)a statement of all city or town indebtedness, including any revenue or general obligation bonds, special improvement district obligations outstanding, contracts payable, all other obligations of the city, and a schedule for the repayment of indebtedness.
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