7-12-4193. Pooling of bonds of districts in city. (1) If the city council determines by resolution that the pooling of bonds of more than one special improvement district of the city is in the best interest of the city and the respective districts and will facilitate the sale of the bonds under more advantageous terms or with lower interest rates, the city may issue bonds of the districts combined in a single offering. Such bonds must be secured by the special improvement district revolving fund of the city.
(2) The title of the bonds issued pursuant to this section shall denote that bonds of different special improvement districts have been pooled and shall refer to the numbers of the districts. The bonds must be drawn against a sinking fund that has separate accounts for each special improvement district combined for financing purposes, into which accounts must be payable the assessments levied in each of the districts.
History: En. Sec. 53, Ch. 665, L. 1985.
Structure Montana Code Annotated
Chapter 12. Improvement Districts
Part 41. Special Improvement Districts
7-12-4102. Authorization for creation of special improvement districts -- petition for creation
7-12-4103. Formation of district to defray cost of acquiring private property
7-12-4104. Resolution of intention to create special improvement district
7-12-4105. Reference to description in resolution of intention sufficient
7-12-4106. Notice of passage of resolution of intention -- exception
7-12-4108. Responsibility for posting and publication of notice
7-12-4109. Extension of proposed district
7-12-4110. Protest against proposed work or district
7-12-4113. Sufficient protest to bar proceedings -- exceptions
7-12-4114. Resolution creating special improvement district
7-12-4115. Statement of allocation of assessments to improvements, repairs, and maintenance
7-12-4116. Designation of nature of improvement district
7-12-4117. Combination of several improvements in one resolution
7-12-4118. Adjournment of hearings
7-12-4119. Appointment of person to serve as city engineer
7-12-4120. Provision for municipalities not having mayor
7-12-4121. Record of expenses to be kept by city engineer
7-12-4123. Manner of making demands for incidental expenses
7-12-4124. Water user entities exempt from special assessments
7-12-4125. through 7-12-4129 reserved
7-12-4131. Modification of trafficways and courts for special improvement districts
7-12-4132. Power to require underground placement of utilities within district
7-12-4133. Power to require certain utility connections
7-12-4134. Special provision for paving street in which car tracks are located
7-12-4135. Responsibility for repairs due to operation of street railway
7-12-4136. Maintenance of improvements
7-12-4137. Protest procedures for property created as condominium
7-12-4138. through 7-12-4140 reserved
7-12-4141. Bid for work -- exception
7-12-4143. Decision on award of contract
7-12-4144. Procedure if all bids rejected or no bids received
7-12-4145. Procedure for dealing with bid securities
7-12-4146. Retroactive application of bid procedures
7-12-4147. Procedure for property owners to do improvement work
7-12-4148. Contract with successful bidder
7-12-4149. Procedure if successful bidder does not enter into contract
7-12-4150. Effect of failure to enter contract
7-12-4151. Contractor's bond for successful completion of work
7-12-4152. Procedure if person entering contract defaults on work
7-12-4153. Purchase of existing improvement
7-12-4154. through 7-12-4160 reserved
7-12-4161. Choice in manner of assessing costs
7-12-4162. Assessment of costs -- area option -- assessed valuation option -- equal amount option
7-12-4163. Assessment of costs -- frontage option
7-12-4164. Assessment of costs -- utility service connections -- option
7-12-4165. Assessment of costs -- offstreet parking option
7-12-4166. Land fronting excepted work not subject to assessment
7-12-4167. Provision for grading street by owner of abutting property
7-12-4168. Provision for work other than grading done by owner of property
7-12-4170. Payment of damages incurred as result of improvements
7-12-4171. Treatment of corner lots for purposes of assessment
7-12-4172. Allocation of costs of nonfrontage sides
7-12-4173. Status of federal property within improvement district
7-12-4176. Resolution for tax levy upon district property
7-12-4177. Notice of resolution for tax levy -- protest and hearing
7-12-4178. Hearing on resolution for tax levy
7-12-4179. Payment of maintenance costs -- resolution for assessment
7-12-4180. Improvement district maintenance fund
7-12-4181. Collection of district assessments by county clerk -- certification
7-12-4184. Reinstatement of delinquent assessment
7-12-4185. Payment of tax under protest -- action to recover
7-12-4186. Procedure to correct assessment and relevy and collect tax
7-12-4187. Certain errors not to invalidate assessments and liens
7-12-4188. Due date for district assessments
7-12-4189. Simple interest on assessments
7-12-4190. Payment of assessments in installments
7-12-4191. Assessments and certain other charges as liens
7-12-4192. Change in outstanding principal of district -- relevy of assessments
7-12-4193. Pooling of bonds of districts in city