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
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
20-9-407. Industrial facility agreement for bond issue in excess of maximum
20-9-408. Definition of forms of bonds
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
20-9-422. 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
20-9-440. 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
20-9-457. through 20-9-460 reserved
20-9-464. Statute of limitations -- action to test validity
20-9-465. Action to restrain bond issue -- time for bringing
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