7-13-151. Authorization for reserve fund. The board of county commissioners may, in order to secure prompt payment of any metropolitan sanitary and/or storm sewer district bonds issued in payment of the cost of improvements in and for the district and the interest thereon as it becomes due, create, establish, and maintain by resolution a fund, to be designated as the "reserve fund", for each issue of such bonds.
History: En. 16-4417 by Sec. 4, Ch. 165, L. 1965; R.C.M. 1947, 16-4417(part).
Structure Montana Code Annotated
Part 1. Metropolitan Sanitary and/or Storm Sewer District
7-13-101. Authorization to create metropolitan sanitary and/or storm sewer districts
7-13-102. Resolution of intention to create metropolitan sanitary and/or storm sewer district
7-13-103. Sufficiency of description in resolution of intention
7-13-104. Transmittal of resolution of intention to municipalities
7-13-105. Concurrence required for further proceedings
7-13-106. Resolution of concurrence
7-13-107. Notice of resolution of intention upon concurrence -- hearing
7-13-109. Sufficient protest to bar proceedings
7-13-111. Resolution creating district -- power to order improvements
7-13-112. County commissioners to administer district
7-13-113. Change of boundaries -- limitations
7-13-114. Applicable provisions of laws relating to rural improvement districts
7-13-115. Adequate records to be maintained
7-13-116. through 7-13-120 reserved
7-13-122. Status of federal property within metropolitan sanitary and/or storm sewer district
7-13-123. Restriction on assessments following change of boundaries
7-13-124. Resolution to assess and levy tax for making improvements
7-13-125. Term of assessment for costs of construction
7-13-126. Notice of resolution to assess and levy tax for making improvements -- protest
7-13-128. Assessments and other charges as lien
7-13-129. through 7-13-140 reserved
7-13-141. Charges for services
7-13-142. Authorization to utilize federal funds
7-13-143. Charges for costs when federal funding is sought
7-13-144. Resolution to establish service charges -- hearing -- limitations and tax levy
7-13-145. Hearing and notice on tax levy for operation and maintenance
7-13-146. Preparation and filing of district budget
7-13-147. through 7-13-150 reserved
7-13-151. Authorization for reserve fund
7-13-152. Sources of money for reserve fund
7-13-153. Transfers to reserve fund considered as loans
7-13-154. Loans from reserve fund to bond fund as lien