20-15-323. Definition of emergency for budgeting purposes. As used in this chapter, unless the context clearly indicates otherwise, the term "emergency" for the purpose of community college budgeting means:
(1) the destruction or impairment of any community college district property necessary to the maintenance of the district, by fire, flood, storm, riot, insurrection, or act of God, to an extent rendering the property unfit for its present use;
(2) a judgment for damages against the district issued by a court after the adoption of the budget for the current year;
(3) an enactment of legislation after the adoption of the budget for the current year that imposes an additional financial obligation on the district; or
(4) any other reason of similar consequence that has been approved by the board of regents upon petition by the trustees of the district.
History: En. Sec. 51, Ch. 767, L. 1991.
Structure Montana Code Annotated
Chapter 15. Community College Districts
20-15-301. Sources of financing for and types of capital expenditures
20-15-304. Federal and state aid
20-15-305. Adult education tax levy
20-15-310. Appropriation -- definitions
20-15-312. Review and approval of annual operating budget
20-15-314. Tax levy for community college service region
20-15-315. Funding for new community college district
20-15-316. Operating levy for community college districts created on or after January 1, 2021
20-15-317. through 20-15-320 reserved
20-15-321. Current unrestricted subfund cash reserve
20-15-323. Definition of emergency for budgeting purposes
20-15-324. Resolution for emergency budget -- petition to board of regents
20-15-325. Emergency budget limitation, preparation, and adoption procedures
20-15-327. Revenue-producing facilities -- powers of board of trustees