7-7-2237. Percentage of electors required to authorize bond issue. Whenever the question of issuing county bonds for any purpose is submitted to the registered electors of a county, the determination of the approval or rejection of the bond proposition is made in the following manner:
(1) determine the total number of electors who were qualified to vote in the bond election;
(2) determine the total number of qualified electors who voted in the bond election from the tally sheet or sheets for the election;
(3) calculate the percentage of qualified electors voting in the bond election by dividing the number determined in subsection (2) by the number determined in subsection (1); and
(4) when the calculated percentage in subsection (3) is 40% or more, the bond proposition is considered approved and adopted if a majority of the votes cast were in favor of the proposition, otherwise it is considered rejected; or
(5) when the calculated percentage in subsection (3) is more than 30% but less than 40%, the bond proposition is considered approved and adopted if 60% or more of the votes cast were in favor of the proposition, otherwise it is considered rejected; or
(6) when the calculated percentage in subsection (3) is 30% or less, the bond proposition is considered rejected.
History: En. Sec. 13, Ch. 188, L. 1931; re-en. Sec. 4630.13, R.C.M. 1935; R.C.M. 1947, 16-2027; amd. Sec. 314, Ch. 571, L. 1979; amd. Sec. 1, Ch. 336, L. 1989; amd. Sec. 32, Ch. 387, L. 1995; amd. Sec. 4, Ch. 234, L. 1997; amd. Sec. 102, Ch. 49, L. 2015.
Structure Montana Code Annotated
Part 22. County General Obligation Bonds
7-7-2201. Purposes for which general obligation bonds of county may be issued
7-7-2202. Authority to issue general obligation bonds to satisfy judgments
7-7-2203. Limitation on amount of bonded indebtedness
7-7-2204. Effect of issuing bonds in excess of limitations on amount
7-7-2205. Nature of general obligation bonds
7-7-2206. Term of general obligation bonds
7-7-2212. Citizen bonds authorized
7-7-2213. Citizen bonds -- procedural requirements prior to issuance
7-7-2214. Citizen bonds -- procedure when issue not fully subscribed
7-7-2215. Zero-coupon bonds and capital appreciation bonds
7-7-2216. through 7-7-2220 reserved
7-7-2221. Issuance of certain general obligation bonds without election
7-7-2222. Procedure to issue bonds without election
7-7-2223. Election required for issuance of certain bonds
7-7-2224. Form and contents of petition
7-7-2225. Filing of petition with election administrator -- certificate
7-7-2226. Delivery of certified petition to board of county commissioners
7-7-2227. Examination of petition -- resolution calling for election
7-7-2237. Percentage of electors required to authorize bond issue
7-7-2238. Resolution to sell bonds pursuant to public sale
7-7-2239. Rescission of resolution authorizing bond issue
7-7-2240. through 7-7-2250 reserved
7-7-2251. Form of notice of sale of bonds
7-7-2252. Publication of notice of sale of bonds
7-7-2254. Procedure for sale of bonds
7-7-2255. Form and execution of bonds
7-7-2257. Registration of bonds
7-7-2258. Copy of bond to be kept by county treasurer
7-7-2260. Disposition of sale proceeds
7-7-2261. Maintenance of accounts for bond issues
7-7-2262. Payment of principal and interest
7-7-2263. Interest on late payments of principal and interest on bonds held by state
7-7-2264. Statement as to amount of principal and interest due and payable on bonds
7-7-2265. Tax levy for payment of bonds
7-7-2266. Procedure in case of insufficient tax levy -- individual liability of county commissioners
7-7-2269. Order of redemption of bonds
7-7-2270. Authority to purchase outstanding bonds
7-7-2272. Cancellation of bonds and coupons
7-7-2273. Cancellation of warrants and refunded general obligation bonds
7-7-2274. Closing of accounts and transfer of money to other accounts