reglab/housing_qa huggingface dataset:
MT Code § 7-15-4267 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4267. Cooperation by public bodies

  7-15-4267. Cooperation by public bodies. (1) For the purpose of aiding in the planning, undertaking, or carrying out of an urban renewal project located within the area in which it is authorized to act, any public body authorized by law or by this part or part 43, upon such terms, with or without consideration, as it may determine, may:   (a) dedicate, sell, convey, or lease any of its interest in any property or grant easements, licenses, or other rights or privileges therein to a municipality;   (b) incur the entire expense of any public improvements made by such public body in exercising the powers granted in this section;   (c) do any and all things necessary to aid or cooperate in the planning or carrying out of an urban renewal plan;   (d) lend, grant, or contribute funds to a municipality;   (e) enter into agreements (which may extend over any period, notwithstanding any provision or rule of law to the contrary) with a municipality or other public body respecting action to be taken pursuant to any of the powers granted by this part or part 43, including the furnishing of funds or other assistance in connection with an urban renewal project;   (f) cause to be furnished public buildings and public facilities, including parks; playgrounds; recreational, community, educational, water, sewer, or drainage facilities; or any other works which it is otherwise empowered to undertake;   (g) furnish, dedicate, close, vacate, pave, install, grade, regrade, plan, or replan streets, roads, sidewalks, ways, or other places;   (h) plan or replan or zone or rezone any part of the urban renewal area; and   (i) provide such administrative and other services as may be deemed requisite to the efficient exercise of the powers herein granted.   (2) Any sale, conveyance, lease, or agreement provided for in this section shall be made by a public body with appraisal, public notice, advertisement, or public bidding in accordance with provisions of 7-15-4263.   History: En. Sec. 13, Ch. 195, L. 1959; R.C.M. 1947, 11-3913(a), (b).
MT Code § 7-15-4268 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4268. through 7-15-4276 reserved

  7-15-4268 through 7-15-4276 reserved.
MT Code § 7-15-4277 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4277. Short title

  7-15-4277. Short title. Sections 7-15-4277 through 7-15-4280 may be cited as the "Targeted Economic Development District Act".   History: En. Sec. 1, Ch. 214, L. 2013.
MT Code § 7-15-4278 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4278. Legislative findings -- purpose

  7-15-4278. Legislative findings -- purpose. The legislature finds and declares that:   (1) infrastructure-deficient areas exist in the local governments of the state and constitute a serious impediment to the development of infrastructure-intensive, value-adding economic development in Montana;   (2) local governments lack sufficient capital to rectify the infrastructure shortage in infrastructure-deficient areas, thus impeding their ability to achieve economic growth through the development of value-adding industries;   (3) the creation of infrastructure in support of value-adding economic development is a matter of state policy and state concern because the state and its local governments will continue to suffer economic dislocation due to the lack of value-adding industries; and   (4) the state's tax increment financing laws should be used to encourage the creation of areas in which needed infrastructure for value-adding industries could be developed.   History: En. Sec. 2, Ch. 214, L. 2013.
MT Code § 7-15-4279 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4279. Targeted economic development districts

  7-15-4279. Targeted economic development districts. (1) A local government may, by ordinance and following a public hearing, authorize the creation of a targeted economic development district in support of value-adding economic development projects. The purpose of the district is the development of infrastructure to encourage the location and retention of value-adding projects in the state.  (2) A targeted economic development district:   (a) must consist of a continuous area with an accurately described boundary that is large enough to host a diversified tenant base of multiple independent tenants;   (b) must be zoned to permit the supported value-adding economic development uses for which the district is intended or unzoned, provided development of the district is:   (i) for uses by a local government under Title 76, chapter 2, part 2 or 3, in accordance with the area growth policy, as defined in 76-1-103; or   (ii) if a county has not adopted a growth policy, then for uses in accordance with the development pattern and zoning regulations or the development district adopted under Title 76, chapter 2, part 1;   (c) may not comprise any property included within an existing tax increment financing district;   (d) must, prior to its creation, be found to be deficient in infrastructure improvements as stated in the resolution of necessity adopted under 7-15-4280;   (e) must, prior to its creation, have in place a comprehensive development plan adopted by the local governments that ensures that the district can host a diversified tenant base of multiple independent tenants; and   (f) may not be designed to serve the needs of a single district tenant or group of nonindependent tenants.   (3) The local government may use tax increment financing pursuant to the provisions of 7-15-4282 through 7-15-4294 for the targeted economic development district. If the local government uses tax increment financing, the use of and purpose for tax increment financing must be specified in the comprehensive development plan required in subsection (2)(e). The plan must also describe how the expenditure of tax increment will promote the development of infrastructure to encourage the location and retention of value-adding projects in the targeted economic development district.   History: En. Sec. 3, Ch. 214, L. 2013; amd. Sec. 1, Ch. 160, L. 2015; amd. Sec. 5, Ch. 278, L. 2017; amd. Sec. 1, Ch. 575, L. 2021.
MT Code § 7-15-4280 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4280. Resolution of necessity required for targeted economic development district

  7-15-4280. Resolution of necessity required for targeted economic development district. A local government may not exercise the powers provided in part 43 or this part unless it has adopted a resolution of necessity finding that:   (1) one or more infrastructure-deficient areas exist in the local government; and   (2) the infrastructure improvement of the area is necessary for the welfare of the residents of the local government.   History: En. Sec. 4, Ch. 214, L. 2013.
MT Code § 7-15-4281 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4281. Financial authority in connection with urban renewal

  7-15-4281. Financial authority in connection with urban renewal. (1) A municipality shall have power to:   (a) borrow money and apply for and accept advances, loans, grants, contributions, and any other form of financial assistance for the purposes of this part and enter into and carry out contracts in connection with the financial assistance from:   (i) the federal government;   (ii) the state, a county, or any other public body; or   (iii) any sources, public or private;   (b) (i) appropriate funds and make expenditures as may be necessary to carry out the purposes of this part; and   (ii) subject to 15-10-420 and in accordance with state law, levy taxes and assessments for the purposes of this part;   (c) invest any urban renewal project funds held in reserves or sinking funds or any funds that are not required for immediate disbursement in property or securities in which mutual savings banks may legally invest funds subject to their control;   (d) adopt, in accordance with state law, annual budgets for the operation of an urban renewal agency, department, or office vested with urban renewal project powers under 7-15-4231;   (e) enter, in accordance with state law, into agreements, which may extend over any period, with agencies or departments vested with urban renewal project powers under 7-15-4231 respecting action to be taken by the municipality pursuant to any of the powers granted by part 43 or this part;   (f) close, vacate, plan, or replan streets, roads, sidewalks, ways, or other places and plan or replan, zone or rezone any part of the municipality in accordance with state law.   (2) A municipality may include in any application or contract for financial assistance with the federal government for an urban renewal project the conditions imposed pursuant to federal laws that the municipality may consider reasonable and appropriate and that are not inconsistent with the purposes of part 43 and this part.   History: En. Sec. 7, Ch. 195, L. 1959; amd. Sec. 3, Ch. 210, L. 1969; R.C.M. 1947, 11-3907(part); amd. Sec. 46, Ch. 584, L. 1999.
MT Code § 7-15-4282 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4282. Authorization for tax increment financing

  7-15-4282. Authorization for tax increment financing. (1) An urban renewal plan as defined in 7-15-4206 or a targeted economic development district comprehensive development plan created as provided in 7-15-4279 may contain a provision or be amended to contain a tax increment provision as provided in 7-15-4282 through 7-15-4294. The local governing body shall approve the adoption of a tax increment provision included in an urban renewal plan. The legislative body of a local government shall approve the adoption of a tax increment provision included in a targeted economic development district comprehensive development plan.  (2) (a) Before adopting a tax increment financing provision as part of an urban renewal plan or a comprehensive development plan, a municipality shall provide notice to the county and the school district in which the urban renewal district or targeted economic development district is located and provide the county and school district with the opportunity to meet and consult in a public meeting with the opportunity for public comment regarding the proposed tax increment financing provision and its effect on the county or school district.   (b) Before adopting a tax increment financing provision as part of a comprehensive development plan, a county shall provide notice to the school district in which the targeted economic development district is located and provide the school district with the opportunity to meet and consult in a public meeting with the opportunity for public comment regarding the proposed tax increment financing provision and its effect on the school district.   (3) The tax increment financing provision must take into account the effect on the county and school districts that include local government territory.   History: En. 11-3921 by Sec. 1, Ch. 287, L. 1974; amd. Sec. 1, Ch. 452, L. 1975; amd. Sec. 2, Ch. 532, L. 1977; amd. Sec. 31, Ch. 566, L. 1977; R.C.M. 1947, 11-3921(part); amd. Sec. 4, Ch. 712, L. 1989; amd. Sec. 2, Ch. 566, L. 2005; amd. Sec. 1, Ch. 394, L. 2009; amd. Sec. 4, Ch. 376, L. 2011; amd. Sec. 5, Ch. 214, L. 2013; amd. Sec. 2, Ch. 157, L. 2017; amd. Sec. 2, Ch. 3, L. 2019; amd. Sec. 3, Ch. 367, L. 2021.
MT Code § 7-15-4284 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4284. Filing of tax increment provisions plan or district ordinance

  7-15-4284. Filing of tax increment provisions plan or district ordinance. (1) The clerk of the local government shall provide a certified copy of the ordinance creating each urban renewal plan or targeted economic development district comprehensive development plan and an amendment to either of the plans containing a tax increment provision to the department of revenue.   (2) A certified copy of each plan, ordinance, or amendment must also be filed with the clerk or other appropriate officer of each of the affected taxing bodies.   History: En. 11-3921 by Sec. 1, Ch. 287, L. 1974; amd. Sec. 1, Ch. 452, L. 1975; amd. Sec. 2, Ch. 532, L. 1977; amd. Sec. 31, Ch. 566, L. 1977; R.C.M. 1947, 11-3921(part); amd. Sec. 6, Ch. 712, L. 1989; amd. Sec. 4, Ch. 566, L. 2005; amd. Sec. 3, Ch. 394, L. 2009; amd. Sec. 7, Ch. 214, L. 2013.
MT Code § 7-15-4285 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4285. Determination and report of original, actual, and incremental taxable values

  7-15-4285. Determination and report of original, actual, and incremental taxable values. The department of revenue shall, upon receipt of a qualified tax increment provision and each succeeding year, calculate and report to the local government and to any other affected taxing body in accordance with Title 15, chapter 10, part 2, the base, actual, and incremental taxable values of the property.   History: En. 11-3921 by Sec. 1, Ch. 287, L. 1974; amd. Sec. 1, Ch. 452, L. 1975; amd. Sec. 2, Ch. 532, L. 1977; amd. Sec. 31, Ch. 566, L. 1977; R.C.M. 1947, 11-3921(part); amd. Sec. 6, Ch. 667, L. 1979; amd. Sec. 7, Ch. 712, L. 1989; amd. Sec. 5, Ch. 566, L. 2005; amd. Sec. 1, Ch. 483, L. 2009; amd. Sec. 8, Ch. 214, L. 2013.
MT Code § 7-15-4287 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4287. Provision for use of portion of tax increment

  7-15-4287. Provision for use of portion of tax increment. (1) At the time of adoption of a tax increment provision or at any time subsequent thereto, the governing body of the local government may provide that a portion of the tax increment from the incremental taxable value be released from segregation by an adjustment of the base taxable value, provided that:   (a) all principal and interest then due on bonds for which the tax increment has been pledged have been fully paid; and   (b) the tax increment resulting from the smaller incremental value is determined by the governing body to be sufficient to pay all principal and interest due later on the bonds.   (2) The adjusted base value determined under subsection (1) must be reported by the clerk to the officers and taxing bodies to which the increment provision is reported.   (3) Thereafter, the adjusted base value is used in determining the mill rates of affected taxing bodies unless the tax increment resulting from the adjustment is determined to be insufficient for this purpose. In this case, the governing body shall reduce the base value to the amount originally determined or to a higher amount necessary to provide tax increments sufficient to pay all principal and interest due on the bonds.   History: En. 11-3921 by Sec. 1, Ch. 287, L. 1974; amd. Sec. 1, Ch. 452, L. 1975; amd. Sec. 2, Ch. 532, L. 1977; amd. Sec. 31, Ch. 566, L. 1977; R.C.M. 1947, 11-3921(6); amd. Sec. 8, Ch. 667, L. 1979; amd. Sec. 10, Ch. 214, L. 2013.
MT Code § 7-15-4288 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4288. Costs that may be paid by tax increment financing

  7-15-4288. Costs that may be paid by tax increment financing. The tax increments may be used by the local government to pay the following costs of or incurred in connection with an urban renewal area or targeted economic development district as identified in the urban renewal plan or targeted economic development district comprehensive development plan:  (1) land acquisition;   (2) demolition and removal of structures;   (3) relocation of occupants;   (4) the acquisition, construction, and improvement of public improvements or infrastructure, publicly owned buildings, and any public improvements authorized by Title 7, chapter 12, parts 41 through 45; Title 7, chapter 13, parts 42 and 43; and Title 7, chapter 14, part 47, and items of personal property to be used in connection with improvements for which the foregoing costs may be incurred;   (5) costs incurred in connection with the redevelopment activities allowed under 7-15-4233;   (6) acquisition of infrastructure-deficient areas or portions of areas;   (7) administrative costs associated with the management of the urban renewal area or targeted economic development district;   (8) assemblage of land for development or redevelopment by private enterprise or public agencies, including sale, initial leasing, or retention by the local government itself at its fair value;   (9) the compilation and analysis of pertinent information required to adequately determine the needs of the urban renewal area or targeted economic development district;   (10) the connection of the urban renewal area or targeted economic development district to existing infrastructure outside the area or district;   (11) the provision of direct assistance to secondary value-adding industries to assist in meeting their infrastructure and land needs within the area or district; and   (12) the acquisition, construction, or improvement of facilities or equipment for reducing, preventing, abating, or eliminating pollution.   History: En. 11-3921 by Sec. 1, Ch. 287, L. 1974; amd. Sec. 1, Ch. 452, L. 1975; amd. Sec. 2, Ch. 532, L. 1977; amd. Sec. 31, Ch. 566, L. 1977; R.C.M. 1947, 11-3921(part); amd. Sec. 1, Ch. 147, L. 1981; amd. Sec. 9, Ch. 712, L. 1989; amd. Sec. 1, Ch. 737, L. 1991; amd. Sec. 1, Ch. 500, L. 1993; amd. Sec. 2, Ch. 269, L. 1999; amd. Sec. 16, Ch. 114, L. 2003; amd. Sec. 7, Ch. 566, L. 2005; amd. Sec. 5, Ch. 394, L. 2009; amd. Sec. 11, Ch. 214, L. 2013; amd. Sec. 4, Ch. 575, L. 2021.
MT Code § 7-15-4289 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4289. Use of tax increments for bond payments

  7-15-4289. Use of tax increments for bond payments. The tax increment may be pledged to the payment of the principal of premiums, if any, and interest on bonds that the local government may issue for the purpose of providing funds to pay those costs.   History: En. 11-3921 by Sec. 1, Ch. 287, L. 1974; amd. Sec. 1, Ch. 452, L. 1975; amd. Sec. 2, Ch. 532, L. 1977; amd. Sec. 31, Ch. 566, L. 1977; R.C.M. 1947, 11-3921(part); amd. Sec. 9, Ch. 667, L. 1979; amd. Sec. 12, Ch. 214, L. 2013.
MT Code § 7-15-4290 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 15. Housing and Construction|Part 42. Urban Renewal|7-15-4290. Use of property taxes and other revenue for payment of bonds

  7-15-4290. Use of property taxes and other revenue for payment of bonds. (1) (a) The tax increment derived from an urban renewal area may be pledged for the payment of revenue bonds issued for urban renewal projects or of general obligation bonds, revenue bonds, or special assessment bonds issued to pay urban renewal costs described in 7-15-4288 and 7-15-4289.   (b) The tax increment derived from a targeted economic development district may be pledged for the payment of revenue bonds issued for targeted economic development district projects or of general obligation bonds, revenue bonds, or special assessment bonds issued to pay targeted economic development district costs described in 7-15-4288 and 7-15-4289.   (2) A local government issuing bonds pursuant to subsection (1) may, by resolution of its governing body, enter into a covenant for the security of the bondholders, detailing the calculation and adjustment of the tax increment and the taxable value on which it is based and, after a public hearing, pledging or appropriating other revenue of the local government, except property taxes prohibited by subsection (3), to the payment of the bonds if collections of the tax increment are insufficient.   (3) Property taxes, except the tax increment derived from property within the area or district and tax collections used to pay for services provided to the local government by a project, may not be applied to the payment of bonds issued pursuant to 7-15-4301 for which a tax increment has been pledged.   (4) If applicable, the local government shall specify whether the bonds are tax credit bonds as provided in 17-5-117, recovery zone economic development bonds or recovery zone facility bonds as provided in 7-7-140, or qualified energy conservation bonds as provided in 7-7-141.   History: En. 11-3921 by Sec. 1, Ch. 287, L. 1974; amd. Sec. 1, Ch. 452, L. 1975; amd. Sec. 2, Ch. 532, L. 1977; amd. Sec. 31, Ch. 566, L. 1977; R.C.M. 1947, 11-3921(part); amd. Sec. 10, Ch. 667, L. 1979; amd. Sec. 1, Ch. 615, L. 1987; amd. Sec. 10, Ch. 712, L. 1989; amd. Sec. 8, Ch. 566, L. 2005; amd. Sec. 6, Ch. 394, L. 2009; amd. Sec. 8, Ch. 489, L. 2009; amd. Sec. 13, Ch. 214, L. 2013.