7-13-3035. Sources of money for reserve fund. (1) For the purpose of providing money for the reserve fund, the governing body may in its discretion, from time to time, transfer to the reserve fund from the operation and maintenance fund of the district an amount as may be considered necessary or as may be agreed upon with the holders of the bonds.
(2) Whenever there is money in the bond fund that is not required for payment of a bond of the district or interest on the bond, as much as is necessary to pay the loan referred to in 7-13-3037 must, by order of the governing body, be transferred to the reserve fund.
History: En. Sec. 29, Ch. 282, L. 1991.
Structure Montana Code Annotated
Part 30. Consolidated Local Government Water Supply and Sewer Districts
7-13-3002. Authorization to create district
7-13-3003. Resolution of intention to create district
7-13-3004. Sufficiency of description in resolution of intention
7-13-3005. Notice of resolution of intention upon concurrence -- hearing
7-13-3007. Sufficient protest to bar proceedings
7-13-3009. and 7-13-3010 reserved
7-13-3011. Resolution creating district -- power to order improvements
7-13-3012. Governing body to administer district
7-13-3013. Change of boundaries -- limitations
7-13-3014. and 7-13-3015 reserved
7-13-3016. Adequate records to be maintained
7-13-3017. Assessment of costs
7-13-3018. Status of federal property within district
7-13-3019. Restriction on assessments following change of boundaries
7-13-3020. Resolution to assess and levy tax for making improvements
7-13-3021. Notice of resolution to assess and levy tax for making improvements -- protest
7-13-3022. Term of assessment for costs of construction
7-13-3024. Assessments and other charges as lien
7-13-3026. Charges for services
7-13-3027. Resolution to establish service charges -- hearing -- limitations and tax levy
7-13-3028. Hearing and notice on tax levy for operation and maintenance
7-13-3029. Preparation and filing of district budget
7-13-3031. Authorization to use federal funds
7-13-3032. Charges for costs when federal funding is sought
7-13-3034. Authorization for reserve fund
7-13-3035. Sources of money for reserve fund
7-13-3036. Transfers to reserve fund considered as loans
7-13-3037. Loans from reserve fund to bond fund as lien
7-13-3038. Limitation on repayment of loan to reserve fund
7-13-3039. Covenants to use and maintain reserve fund
7-13-3041. Acquisition of private water supply system
7-13-3043. Applicable provisions of laws relating to rural improvement districts