Montana Code Annotated
Part 2. Administration of Finances
20-9-227. Exemptions from interest assessment

20-9-227. Exemptions from interest assessment. Section 20-9-226 does not apply to the following:
(1) third-class school districts where the board of trustees does not meet monthly;
(2) interdistrict or intergovernmental transactions;
(3) claims subject to a good faith dispute;
(4) delinquencies due to natural disasters, disruptions in postal or delivery service, work stoppage due to labor disputes, power failures, or any other cause resulting from circumstances clearly beyond the control of the district;
(5) contracts entered into before October 1, 1985; or
(6) wages due and payable to school district employees or payments from any retirement system created pursuant to Title 19.
History: En. Sec. 6, Ch. 413, L. 1985.

Structure Montana Code Annotated

Montana Code Annotated

Title 20. Education

Chapter 9. Finance

Part 2. Administration of Finances

20-9-201. Definitions and application

20-9-202. County officials for financial administration when joint district

20-9-203. Examination of district accounting records

20-9-204. Conflicts of interests, letting contracts, and calling for bids -- exceptions

20-9-205. Prohibition on division of contracts to circumvent bid requirements

20-9-206. Repealed

20-9-207. Documentation of expenditures

20-9-208. Transfers among appropriation items of fund -- transfers from fund to fund

20-9-209. Lapse of budgeted appropriations and provision for unpaid claims

20-9-210. Expenditure limitation of nonbudgeted fund

20-9-211. Repealed

20-9-212. Duties of county treasurer

20-9-213. Duties of trustees

20-9-214. Fees

20-9-215. Destruction of certain financial records

20-9-216. through 20-9-219 reserved

20-9-220. Clearing accounts

20-9-221. Procedure for issuance of warrants

20-9-222. Repealed

20-9-223. Cancellation of outstanding warrants -- duplication

20-9-224. Repealed

20-9-225. Definitions relating to interest assessment

20-9-226. Interest assessed on amounts due

20-9-227. Exemptions from interest assessment

20-9-228. through 20-9-230 reserved

20-9-231. Metal mines tax reserve fund

20-9-232. through 20-9-234 reserved

20-9-235. Authorization for school district investment account

20-9-236. Transfer of funds -- improvements to school safety and security

20-9-237. through 20-9-239 reserved

20-9-240. Funding for school-based medical services -- duties of office of public instruction and department of public health and human services -- school-based services account