7-15-2115. Authorization for payment of rentals in lieu of taxes. (1) Any housing authority established pursuant to this part and/or the federal government may pay annual sums from rentals in lieu of taxes to any state and/or political subdivision thereof with respect to any real property, including improvements thereon, owned or held by either such housing authority or the federal government.
(2) The amount so paid for any year upon such property shall not exceed the taxes which would be paid to the state and/or subdivision thereof, as the case may be, upon such property if it were not exempt from taxation, with such allowances as may be considered to be appropriate for expenditures by the government for streets, utilities, or other public services to serve such property.
History: En. Sec. 4, Ch. 215, L. 1943; R.C.M. 1947, 35-304.
Structure Montana Code Annotated
Chapter 15. Housing and Construction
Part 21. County Housing Authorities
7-15-2101. Findings and policy
7-15-2102. Petition to create county housing authority -- hearing and notice
7-15-2103. Notice of hearing on petition
7-15-2104. Hearing on petition
7-15-2105. Decision of board of county commissioners
7-15-2106. Criteria for determining if unsafe or unsanitary dwelling accommodations exist
7-15-2107. Application for incorporation
7-15-2108. Processing of application by secretary of state
7-15-2109. Effect of filing and recording application
7-15-2110. Presumption of regularity in creation of county housing authority
7-15-2111. Area of operation of county housing authority -- inclusion of municipalities
7-15-2112. Administration and operation of county housing authority -- application of municipal laws
7-15-2113. County housing authority to be nonprofit
7-15-2114. Certain laws controlling
7-15-2115. Authorization for payment of rentals in lieu of taxes
7-15-2116. through 7-15-2119 reserved
7-15-2121. Authorization for rural housing projects
7-15-2122. Operation of rural housing projects