Montana Code Annotated
Part 4. School Bonds
20-9-428. Determination of approval or rejection of proposition at bond election

20-9-428. Determination of approval or rejection of proposition at bond election. (1) When the trustees canvass the vote of a school district bond election under the provisions of 20-20-415, they shall determine the approval or rejection of the school bond proposition in the following manner:
(a) Except as provided in subsection (1)(c), if the school district bond election is held at a regular school election or at a special election called by the trustees, the trustees shall:
(i) determine the total number of electors of the school district who are qualified to vote under the provisions of 20-20-301 from the list of electors supplied by the county registrar for the school bond election;
(ii) determine the total number of qualified electors voting at the school bond election from the tally sheets for the election; and
(iii) calculate the percentage of qualified electors voting at the school bond election by dividing the amount determined in subsection (1)(a)(ii) by the amount determined in subsection (1)(a)(i).
(b) When the calculated percentage in subsection (1)(a)(iii) is:
(i) 40% or more, the school bond proposition is approved and adopted if a majority of the votes were cast in favor of the proposition, otherwise it is rejected;
(ii) more than 30% but less than 40%, the school bond proposition is approved and adopted if 60% or more of the votes were cast in favor of the proposition, otherwise it is rejected; or
(iii) 30% or less, the school bond proposition is rejected.
(c) If the school district bond election is held in conjunction with an election that is conducted by mail ballot, as provided in Title 13, chapter 19, or in conjunction with a general or primary election, the determination of the approval or rejection of the bond proposition is made by a majority of the votes cast on the issue.
(2) If the canvass of the vote establishes the approval and adoption of the school bond proposition, the trustees shall issue a certificate proclaiming the passage of the proposition and the authorization to issue bonds of the school district for the purposes specified on the ballot for the school district bond election.
History: En. 75-7117 by Sec. 318, Ch. 5, L. 1971; amd. Sec. 11, Ch. 83, L. 1971; R.C.M. 1947, 75-7117; amd. Sec. 3, Ch. 503, L. 2005; amd. Sec. 8, Ch. 271, L. 2011; amd. Sec. 210, Ch. 49, L. 2015.

Structure Montana Code Annotated

Montana Code Annotated

Title 20. Education

Chapter 9. Finance

Part 4. School Bonds

20-9-401. Applicable laws for school district bonding

20-9-402. Definition of school district for bonding purposes

20-9-403. Bond issues for certain purposes

20-9-404. Contracts and bonds for joint construction

20-9-405. Proportional joint ownership -- disposition of money

20-9-406. Limitations on amount of bond issue -- definition of federal impact aid basic support payment -- oil and natural gas payment

20-9-407. Industrial facility agreement for bond issue in excess of maximum

20-9-408. Definition of forms of bonds

20-9-409. Repealed

20-9-410. Limitation of term and interest -- timing for redemption

20-9-411. Dates of issue and payments

20-9-412. Issuance of refunding bonds without election

20-9-413. through 20-9-420 reserved

20-9-421. Election to authorize the issuance of school district bonds and the methods of introduction

20-9-422. Additional requirements for trustees' resolution calling bond election

20-9-423. Form, contents, and circularization of petition proposing school district bond election

20-9-424. Validation of petition -- election administrator's certificate

20-9-425. Trustees' consideration of validated petition proposing bond election

20-9-426. Preparation and form of ballots for bond election

20-9-427. Notice of bond election by separate purpose

20-9-428. Determination of approval or rejection of proposition at bond election

20-9-429. Trustees' resolution to issue school district bonds pursuant to public sale

20-9-430. Sale of school district bonds and notice of public sale

20-9-431. Publication of notice of sale of school district bonds

20-9-432. Sale of school district bonds

20-9-433. Form and execution of school district bonds

20-9-434. Registration of school district bonds by county treasurer and copy for preservation

20-9-435. Delivery of school district bonds and disposition of sale money

20-9-436. County attorney to assist in proceedings

20-9-437. School district liable on bonds

20-9-438. Preparation of general obligation debt service fund budget -- operating reserve

20-9-439. Computation of net levy requirement for general obligation bonds -- procedure when levy inadequate

20-9-440. Payment of debt service obligations -- termination of interest

20-9-441. Redemption of bonds -- investment of debt service fund money

20-9-442. Entries of payments and notification of school district

20-9-443. Disposition of remaining debt service fund

20-9-444. Liability of officers for failure to provide fund for payment of bonds

20-9-445. Liability for misuse of bond payment fund

20-9-446. Duty of county attorney to prosecute

20-9-447. through 20-9-450 reserved

20-9-451. Repealed

20-9-452. Repealed

20-9-453. Repealed

20-9-454. Repealed

20-9-455. Repealed

20-9-456. Repealed

20-9-457. through 20-9-460 reserved

20-9-461. Purpose

20-9-462. Repealed

20-9-463. Repealed

20-9-464. Statute of limitations -- action to test validity

20-9-465. Action to restrain bond issue -- time for bringing

20-9-466. Repealed

20-9-467. Repealed

20-9-468. through 20-9-470 reserved

20-9-471. Issuance of obligations -- authorization -- conditions

20-9-472. Security for impact aid revenue bonds -- agreement of state

20-9-473. Security for oil and natural gas revenue bonds

20-9-474. Oil and natural gas revenue bond debt service reserve account