reglab/housing_qa huggingface dataset:
MT Code § 7-12-4223 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4223. Loans from revolving fund to meet payments on bonds and warrants

  7-12-4223. Loans from revolving fund to meet payments on bonds and warrants. During the period described in 7-12-4225(2), when any special improvement district bond or sidewalk, curb, and alley approach warrants that are secured by the revolving fund or any interest on the bond or warrants becomes due and payable and there is either no money or insufficient money in the appropriate district fund after a transfer from the appropriate district reserve account, if established, with which to pay the bond, warrant, or interest, an amount sufficient to make up the deficiency must be loaned by the revolving fund to the district fund. The bond, warrant, or interest must be paid from the money loaned or from the money loaned and money available in the district fund. The loan must be made even if, in the case of bonds or warrants bearing interest at a variable rate, the interest rate on the special assessments at the time the loan is made is less than or later becomes less than the interest rate on the bonds or warrants.   History: En. Sec. 3, Ch. 24, L. 1929; re-en. Sec. 5277.3, R.C.M. 1935; amd. Sec. 1, Ch. 179, L. 1945; amd. Sec. 17, Ch. 158, L. 1971; amd. Sec. 3, Ch. 255, L. 1971; R.C.M. 1947, 11-2271(1); amd. Sec. 8, Ch. 422, L. 1983; amd. Sec. 11, Ch. 229, L. 1995; amd. Sec. 9, Ch. 162, L. 2001.
MT Code § 7-12-4224 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4224. Lien arising due to loan from revolving fund

  7-12-4224. Lien arising due to loan from revolving fund. Whenever any loan is made to any special improvement district fund or sidewalk, curb, and alley approach warrants from the revolving fund, the revolving fund has a lien for the amount of the loan on all unpaid assessments and installments of assessments on the district, whether delinquent or not. The lien also applies to all money coming into the district fund up to the amount of the loan, together with interest on the loan from the time it was made, at the interest rate that is borne by the bond or warrant for which the loan was made and that was determined at the time the loan was made, even if the interest rate on the bond or warrant subsequently changes.   History: En. Sec. 4, Ch. 24, L. 1929; re-en. Sec. 5277.4, R.C.M. 1935; amd. Sec. 4, Ch. 255, L. 1971; R.C.M. 1947, 11-2272(part); amd. Sec. 10, Ch. 162, L. 2001.
MT Code § 7-12-4226 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4226. Investment of surplus reserves

  7-12-4226. Investment of surplus reserves. Surplus reserves not needed for immediate use may from time to time be invested in securities of the United States or certificates of deposit approved by the city council. The interest earned from such investments shall be placed to the credit of the revolving fund.   History: En. Sec. 4, Ch. 24, L. 1929; re-en. Sec. 5277.4, R.C.M. 1935; amd. Sec. 4, Ch. 255, L. 1971; R.C.M. 1947, 11-2272(part).
MT Code § 7-12-4227 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4227. Utilization of excess money in revolving fund

  7-12-4227. Utilization of excess money in revolving fund. Whenever there is an amount in the revolving fund in excess of the amount deposited in the revolving fund under 7-12-4169(2) and in excess of 10% of the outstanding special improvement district bonds and warrants secured by the revolving fund and the council considers any part of the excess to be greater than the amount necessary for payment or redemption of maturing bonds or warrants secured by the revolving fund or interest on the revolving fund, the council may order that any part of the amount of the excess that is greater than the amount necessary for the payment or redemption of maturing bonds or warrants secured by the revolving fund or interest on the revolving fund to be:   (1) transferred to the general fund of the city or town;   (2) used for the purchase of property at sales for delinquent taxes, assessments, or both; or   (3) used for the purchase of property that may have been struck off or sold to the county for delinquent taxes, assessments, or both and against which there is an unpaid assessment for special improvements and there are outstanding special improvement district bonds or warrants of the city or town.   History: En. Sec. 5. Ch. 24, L. 1929; re-en. Sec. 5277.5, R.C.M. 1935; R.C.M. 1947, 11-2273(part); amd. Sec. 6, Ch. 308, L. 1981; amd. Sec. 3, Ch. 435, L. 1981; amd. Sec. 10, Ch. 422, L. 1983; amd. Sec. 8, Ch. 349, L. 2009.
MT Code § 7-12-4228 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4228. Disposition of tax certificates and tax lien sale property

  7-12-4228. Disposition of tax certificates and tax lien sale property. (1) The council may sell any tax certificates issued on any sale or sales referred to in 7-12-4227(2). After acquiring title to property referred to in 7-12-4227, the city or town may lease such property, sell the same at public or private sale and make conveyance thereof, or otherwise dispose thereof as the interest of the city or town may require.   (2) All proceeds from such sales of tax certificates and from such leasing, sale, or other disposition of the property shall belong to and be paid into the revolving fund and be subject to transfer in whole or in part to the general fund by the vote of all the members of the council at a meeting called for that purpose as hereinbefore provided.   History: En. Sec. 5. Ch. 24, L. 1929; re-en. Sec. 5277.5, R.C.M. 1935; R.C.M. 1947, 11-2273(part).
MT Code § 7-12-4229 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4229. Disposal of funds deposited in revolving fund

  7-12-4229. Disposal of funds deposited in revolving fund. Any funds without interest deposited in the revolving fund under 7-12-4169(2) less the amount of any loan to the district fund not repaid may be returned to the owners of record of the property of the district in direct proportion of the original assessment on each piece of property, or as an alternative a municipality may transfer the funds placed in the revolving fund as a result of 7-12-4169(2) to the general fund after the final payment of the district's bonds or warrants is paid.   History: En. Sec. 4, Ch. 435, L. 1981.
MT Code § 7-12-4230 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4230. through 7-12-4240 reserved

  7-12-4230 through 7-12-4240 reserved.
MT Code § 7-12-4241 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4241. Creation of supplemental revolving fund from parking meter revenue

  7-12-4241. Creation of supplemental revolving fund from parking meter revenue. Subject to the provisions of 7-12-4242, a city or town may create, establish, and maintain a supplemental revolving fund out of the net revenues of parking meters to secure prompt payment of principal of and interest on special improvement district bonds issued under the provisions of 7-12-4241 through 7-12-4258 for improvements undertaken pursuant to this part and part 41 for the following purposes: for paving, repaving, macadamizing, remacadamizing, surfacing, resurfacing, oiling, reoiling, graveling, regraveling, piling, repiling, capping, recapping, grading, or regrading one or more streets, alleys, avenues, or other public places or ways in said city or town and/or constructing therein curbs or gutters or for the opening or widening of any street, avenue, alley, or other public way.   History: En. Sec. 1, Ch. 260, L. 1947; R.C.M. 1947, 11-2274(part).
MT Code § 7-12-4242 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4242. Application of provisions relating to supplemental revolving fund

  7-12-4242. Application of provisions relating to supplemental revolving fund. The provisions of 7-12-4241 through 7-12-4258 shall not be applicable to any improvement unless the council shall find that 80% or more in area of the total parcels to be assessed for such improvement have been improved by the erection of permanent buildings or structures thereon having a value greater than the value of such parcels without such improvements according to the last assessment roll.   History: En. Sec. 1, Ch. 260, L. 1947; R.C.M. 1947, 11-2274(part).
MT Code § 7-12-4243 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4243. Procedure to create and maintain supplemental revolving fund -- election required -- qualified electors defined

  7-12-4243. Procedure to create and maintain supplemental revolving fund -- election required -- qualified electors defined. (1) (a) A supplemental revolving fund may be created by ordinance, subject to the approval of a majority of the qualified electors voting at an election held in accordance with Title 13, chapter 1, part 5.   (b) As used in 7-12-4241 through 7-12-4258, "qualified electors" means registered electors of the municipality.   (2) The supplemental revolving fund must be created and maintained solely from the net revenue of parking meters. The ordinance may pledge to the revolving fund all or any part of the net revenue of parking meters owned, leased, rented, or acquired by the city or town. The ordinance must contain any provisions concerning the purchase, control, operation, repair, and maintenance of parking meters, including rates to be charged, and the application of the net revenue from the meters and the management and use of the supplemental revolving fund that the council considers necessary.   History: En. Sec. 2, Ch. 260, L. 1947; amd. Sec. 8, Ch. 158, L. 1971; R.C.M. 1947, 11-2275; amd. Sec. 41, Ch. 387, L. 1995; amd. Sec. 117, Ch. 49, L. 2015.
MT Code § 7-12-4244 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4244. Issuance of bonds based upon supplemental revolving fund -- election

  7-12-4244. Issuance of bonds based upon supplemental revolving fund -- election. (1) At any time after the award of the contract for any of the improvements described in 7-12-4241 and prior to the issuance of bonds or warrants under the provisions of 7-12-4201 and 7-12-4203, the council may by resolution determine that the improvement is of a character that bonds may be issued under 7-12-4241 through 7-12-4258 in lieu of bonds under 7-12-4201 and 7-12-4203, and may submit to the qualified electors of the city or town the question whether the bonds shall be issued.   (2) The proposal to issue bonds may be submitted at the same election as the proposal to create the supplemental revolving fund and must be approved by a majority of the qualified electors voting on the question.   History: En. Sec. 3, Ch. 260, L. 1947; R.C.M. 1947, 11-2276; amd. Sec. 11, Ch. 449, L. 1989.
MT Code § 7-12-4245 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4245. Resolution for issuance of bonds

  7-12-4245. Resolution for issuance of bonds. (1) Whenever the council has been authorized to issue bonds under 7-12-4241 through 7-12-4258, the council may by resolution determine to issue such bonds and provide for the guaranty thereof by the supplemental revolving fund.   (2) Such resolution shall fix the amount, maturity, and interest rate and provide for the sale of bonds in such manner as the council shall determine.   (3) The resolution providing for the issuance of bonds may also contain such reasonable covenants for the protection of the holders thereof as the council may determine.   History: En. Sec. 4, Ch. 260, L. 1947; amd. Sec. 19, Ch. 234, L. 1971; R.C.M. 1947, 11-2277(part).
MT Code § 7-12-4246 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4246. Determination of cost of improvements

  7-12-4246. Determination of cost of improvements. The governing body of the municipality in determining the cost of said improvement may include estimated costs of the issuance of said bonds; all engineering, inspection, fiscal, and legal expenses; cost of the parking meters; and interest which it is estimated will accrue during the construction period and for 6 months thereafter on money borrowed or which it is estimated will be borrowed for the special improvements for which bonds are issued.   History: En. Sec. 4, Ch. 260, L. 1947; amd. Sec. 19, Ch. 234, L. 1971; R.C.M. 1947, 11-2277(part).
MT Code § 7-12-4247 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4247. Details relating to bonds

  7-12-4247. Details relating to bonds. (1) The bonds may mature at one time, not exceeding the maximum maturity of the assessments to be levied for the improvement, or may mature in installments at various times during the term of the assessments, but the bonds may not mature later than 10 years from the date of issuance.   (2) The bonds, as the council shall determine, are subject to redemption prior to maturity and may be payable at any suitable bank or trust company either within or without the state of Montana.   (3) The bonds issued under 7-12-4241 through 7-12-4258 shall be in substantially the form provided in 7-12-4201 and 7-12-4203, as modified by the provisions of 7-12-4241 through 7-12-4258.   History: En. Sec. 4, Ch. 260, L. 1947; amd. Sec. 19, Ch. 234, L. 1971; R.C.M. 1947, 11-2277(part); amd. Sec. 12, Ch. 449, L. 1989.
MT Code § 7-12-4248 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4248. Operation and use of supplemental revolving fund

  7-12-4248. Operation and use of supplemental revolving fund. (1) Money in the supplemental revolving fund shall first be loaned to the various district funds whose bonds are guaranteed under 7-12-4241 through 7-12-4258 to make up any deficiency in such funds.   (2) In event of any further deficiency in such funds, the money in the revolving fund created under 7-12-4221 through 7-12-4228 may be loaned to make good such deficiency pursuant to the provisions of those sections.   (3) In event that the deficit exceeds the money in the supplemental revolving fund, then the money in the revolving fund may be similarly loaned until the deficiency has been made good.   (4) The authorizing resolution may provide that bonds shall become due in accordance with a plan of redemption prior to the stated maturity date. Both revolving funds shall thereafter have concurrent liens on the unpaid assessments and the moneys in the improvement district fund for all such advances, provided that such advances shall not be returned so long as any principal or interest on bonds issued under 7-12-4241 through 7-12-4258 remains unpaid.   History: En. Sec. 5, Ch. 260, L. 1947; R.C.M. 1947, 11-2278(part).
MT Code § 7-12-4249 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4249. Meaning of term deficiency

  7-12-4249. Meaning of term deficiency. A deficiency shall exist in any district fund whenever principal and interest is due and there is no money in the fund to pay the same.   History: En. Sec. 5, Ch. 260, L. 1947; R.C.M. 1947, 11-2278(part).
MT Code § 7-12-4250 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4250. Obligations of municipalities to bondholders

  7-12-4250. Obligations of municipalities to bondholders. All agreements, conditions, covenants, or restrictions in the ordinance creating the supplemental revolving fund, in the resolution determining that the improvement is of a character for which bonds may be issued under 7-12-4241 through 7-12-4258, and in the resolution authorizing the issuance of bonds shall be binding upon the city or town and may not be thereafter altered or amended to the detriment of the rights of any bondholder so long as any of such bonds are outstanding.   History: En. Sec. 6, Ch. 260, L. 1947; R.C.M. 1947, 11-2279(part).
MT Code § 7-12-4251 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4251. Enforcement of bondholders' rights

  7-12-4251. Enforcement of bondholders' rights. The provisions of 7-12-4241 through 7-12-4258 and the rights granted under any ordinance or resolution enacted pursuant to these sections may be enforced by any bondholder by mandamus or other appropriate suit, action, or proceeding in any court of competent jurisdiction.   History: En. Sec. 6, Ch. 260, L. 1947; R.C.M. 1947, 11-2279(part).
MT Code § 7-12-4252 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4252. Judicial determination of validity of proceedings -- petition

  7-12-4252. Judicial determination of validity of proceedings -- petition. (1) Within 10 days after the adoption of the resolution providing for the issuance of bonds under 7-12-4241 through 7-12-4258, the council may file a petition in the district court of the judicial district wherein said city or town is located to determine the validity of the proceedings theretofore had relative to the issuance of said bonds, the creation of the supplemental revolving fund, and the levy of a special assessment.   (2) The petition shall set forth generally the facts in reference to the improvement, the creation of the supplemental revolving fund, and the issuance of bonds and shall have as exhibits thereto certified copies of the ordinances and resolutions and shall pray for confirmation of the proceedings and of the bond issue and the special assessments, if theretofore levied.   History: En. Sec. 7, Ch. 260, L. 1947; R.C.M. 1947, 11-2280(part).
MT Code § 7-12-4253 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4253. Nature of court proceedings

  7-12-4253. Nature of court proceedings. The action provided for in 7-12-4252 shall be in the nature of a proceeding in rem, and jurisdiction of all parties interested shall be had by notice given as provided in 7-12-4254.   History: En. Sec. 7, Ch. 260, L. 1947; R.C.M. 1947, 11-2280(part).
MT Code § 7-12-4254 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4254. Hearing on petition -- notice

  7-12-4254. Hearing on petition -- notice. (1) Upon the filing of the petition, the district court or any district court judge shall fix the time for the hearing on the petition, which may not be less than 15 days from the date of filing the petition in the court.   (2) The district court or any district court judge shall order the clerk of the court to give notice of the filing of the petition as provided in 7-1-2121. The date of the first publication may not be less than 15 days prior to the date fixed for hearing.   History: En. Sec. 7, Ch. 260, L. 1947; R.C.M. 1947, 11-2280(part); amd. Sec. 24, Ch. 354, L. 2001.
MT Code § 7-12-4255 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4255. Contents of notice of hearing -- protest

  7-12-4255. Contents of notice of hearing -- protest. (1) The notice must state the substance of the petition and the time and place for hearing and that any interested person or any person whose rights may be affected by the issuance or sale of the bonds or the levy of the special assessment, may, on or before the day fixed for the hearing on the petition, answer the petition and may appear at the hearing and contest the granting of the request of the petition and the entry of any order of confirmation pursuant to the petition.   (2) A person eligible to appear may enter an appearance in the proceedings and answer the petition and contest the granting of the request of the petition, and all provisions of the code of civil procedure are applicable to the proceedings.   History: En. Sec. 7, Ch. 260, L. 1947; R.C.M. 1947, 11-2280(part); amd. Sec. 13, Ch. 251, L. 1979; amd. Sec. 552, Ch. 61, L. 2007.
MT Code § 7-12-4256 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4256. Decision of district court

  7-12-4256. Decision of district court. (1) If upon the hearing the court shall find and determine that the requirements of 7-12-4241 through 7-12-4258 have been complied with and notice of the hearing duly given as required by law, it shall have power to examine and determine the regularity, legality, and validity of the proceedings relative to the issuance of the bonds and the levy of special assessments and the legality and validity of the bonds and the special assessment and may ratify, approve, and confirm the proceedings in whole or in part and enter its judgment or decree accordingly.   (2) If no appeal pursuant to 7-12-4257 is taken within the time provided for in 7-12-4257 or if the judgment or decree of the district court be affirmed upon such appeal, such judgment or decree shall be forever conclusive upon all the world as to the validity of the bonds and the special assessment, and the same shall never be called into question in any court of the state.   History: En. Sec. 7, Ch. 260, L. 1947; R.C.M. 1947, 11-2280(part).
MT Code § 7-12-4257 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4257. Appeal from district court to supreme court

  7-12-4257. Appeal from district court to supreme court. From any judgment or decree entered under 7-12-4256, an appeal may be taken to the supreme court at any time within 10 days from the entry of such judgment in the manner prescribed by the code of civil procedure governing appeals from the district court to the supreme court.   History: En. Sec. 7, Ch. 260, L. 1947; R.C.M. 1947, 11-2280(part).
MT Code § 7-12-4258 (2021)
2021 Montana Code Annotated|Title 7. Local Government|Chapter 12. Improvement Districts|Part 42. Special Improvement Districts Continued|7-12-4258. Cost of court proceedings

  7-12-4258. Cost of court proceedings. The cost of the court proceedings may be apportioned between the parties at the discretion of the court.   History: En. Sec. 7, Ch. 260, L. 1947; R.C.M. 1947, 11-2280(part); amd. Sec. 14, Ch. 251, L. 1979.