76-15-507. Investment of funds. The board of supervisors shall have the power and authority to direct the investment of funds in a debt service fund in interest-bearing securities whenever in their judgment the same may be to the best interests of the district. But all such securities shall be converted into cash in time to meet the principal on the bonds payable from such debt service fund promptly at their maturity.
History: En. Sec. 13, Ch. 291, L. 1969; R.C.M. 1947, 76-221; amd. Sec. 28, Ch. 298, L. 1983.
Structure Montana Code Annotated
Title 76. Land Resources and Use
Chapter 15. Conservation Districts
Part 5. Financial Aspects of Conservation Districts Loan Program
76-15-501. Financial management
76-15-502. Allocation of state funds among districts
76-15-503. Permissible uses of state money
76-15-505. Authorization to borrow money -- limitations
76-15-506. Bonds authorized -- election
76-15-507. Investment of funds
76-15-508. Management of surplus funds
76-15-509. and 76-15-510 reserved
76-15-511. Estimate of money to be raised by assessment
76-15-512. Expenses to be covered by estimate
76-15-513. Division between counties of money to be raised by regular and special assessment
76-15-514. Regular and special assessments
76-15-516. Levy of regular and special assessments
76-15-518. Certification of assessment to department of revenue -- entry on property tax record
76-15-519. Application of general law on levy and collection
76-15-520. Liability of county officers
76-15-521. Principal county defined
76-15-522. Settlements by county treasurers other than of principal county
76-15-523. Depository of district funds
76-15-524. Receipt and crediting of district funds -- responsibility on bond
76-15-525. Payment of district money -- warrants
76-15-526. Treasurer's reports
76-15-527. Purpose of expenditures
76-15-528. Lien for special assessments
76-15-529. Assessments unaffected by misnomers and mistakes relating to ownership
76-15-530. Conservation district appropriations -- administration
76-15-531. Special administrative assessment permitted -- voter approval
76-15-532. Limitations -- reduction or repeal of special administrative assessment
76-15-533. through 76-15-540 reserved
76-15-541. Conservation practice loan program -- definition
76-15-542. Conservation practice loan account
76-15-543. Application for loan
76-15-544. Eligibility for loan
76-15-545. Criteria for evaluation of loan applicants -- preferences