reglab/housing_qa huggingface dataset:
MT Code § 85-7-1006 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 10. Dissolution of Districts|85-7-1006. Court's authority at hearing

  85-7-1006. Court's authority at hearing. (1) At the hearing by said court it shall determine the regularity, legality, and correctness of all proceedings and in so doing shall disregard any error, irregularity, or omission which does not affect the substantial rights of the parties. The rules of pleading and practice in Title 25 not inconsistent with the provisions of this part are made applicable to the proceedings herein provided. The proceedings herein are declared to be for the general interest of the public and state. The hearing upon said petition shall be considered as an equitable action in rem.   (2) If the court shall consider, after hearing, that the plan proposed in the petition is not in the public interest and will not promote public welfare or is unfair to bondholders or property holders or general creditors, it may allow the petitioners to amend their petition and to submit a modified or different plan and hear the amended petition and hear and dispose of objections to the same. The judgment may dissolve the district as a public corporation; transfer water rights appurtenant to lands, whether represented by shares of stock or otherwise; and divest the lien of bonds upon lands in the district.   History: En. Sec. 5, Ch. 60, L. 1933; re-en. Sec. 7253.5, R.C.M. 1935; R.C.M. 1947, 89-2006.
MT Code § 85-7-1007 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 10. Dissolution of Districts|85-7-1007. Court decree and sale of assets

  85-7-1007. Court decree and sale of assets. (1) The court, in its decree, shall have the power to make the orders necessary to carry out said proposition for the discharge of the indebtedness and distribution of the property of said district and may decree a sale of its assets in such manner as may effectuate said proposition and as the court may judge best, either in one lot or in such parcels as may be provided and may provide for conveyance of said irrigation system, including dams, reservoirs, canals, franchises, water rights, and other property and also of any other assets of the district, including lands sold thereto.   (2) The court, in its investigation and determination of said matter, may take into consideration the fact that payments have been made by certain of the water users in excess of other water users who have defaulted. In its decree the court may require that the purchaser of the assets may give consideration to various water users for payments theretofore made by them on the irrigation system.   History: En. Sec. 6, Ch. 60, L. 1933; re-en. Sec. 7253.6, R.C.M. 1935; R.C.M. 1947, 89-2007.
MT Code § 85-7-1008 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 10. Dissolution of Districts|85-7-1008. Final decree of dissolution -- when made

  85-7-1008. Final decree of dissolution -- when made. Whenever all the property of such irrigation district shall have been disposed of and all the obligations thereof, if any there be, shall have been discharged, the court shall enter a final decree declaring said district to be dissolved.   History: En. Sec. 7, Ch. 60, L. 1933; re-en. Sec. 7253.7, R.C.M. 1935; R.C.M. 1947, 89-2008.
MT Code § 85-7-1401 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1401. Short title

  85-7-1401. Short title. This part may be cited as the "Irrigation District Revenue Bond Act".   History: En. Sec. 1, Ch. 193, L. 1987.
MT Code § 85-7-1402 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1402. Definitions

  85-7-1402. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:   (1) "Irrigation district" means a district created pursuant to Title 85, chapter 7, part 1.   (2) "Issuer" means the board of commissioners of an irrigation district or a board of control created pursuant to Title 85, chapter 7, part 16.   (3) "Revenues" means any fees, charges, rates, rents, or lease payments.   (4) "Undertaking" means any one or a combination of the following:   (a) water sources, water rights, irrigation canals, irrigation systems, including pumping facilities or gravity measure systems, reservoirs, reservoir sites, or small power production facilities that are:   (i) certified as such by the federal energy regulatory commission; and   (ii) are associated with federal reclamation projects;   (b) any real or personal property or water rights related to or necessary to provide, operate, and maintain an undertaking listed in subsection (4)(a).   History: En. Sec. 2, Ch. 193, L. 1987.
MT Code § 85-7-1403 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1403. Interpretation

  85-7-1403. Interpretation. (1) The powers conferred in this part are in addition to the powers conferred by any other general, special, or local law.   (2) An undertaking may be acquired, constructed, or improved, and bonds may be issued under this part for such purposes, notwithstanding the provisions of Title 85, chapter 7.   (3) If the provisions of this part are inconsistent with the provisions of Title 85, chapter 7, the provisions of this part control.   History: En. Sec. 3, Ch. 193, L. 1987.
MT Code § 85-7-1404 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1404. through 85-7-1410 reserved

  85-7-1404 through 85-7-1410 reserved.
MT Code § 85-7-1411 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1411. Authority to acquire, construct, maintain, operate, and lease various undertakings

  85-7-1411. Authority to acquire, construct, maintain, operate, and lease various undertakings. (1) An irrigation district may:   (a) construct, acquire by gift, purchase, or lease, or improve any undertaking, within or outside the irrigation district, and acquire by gift, purchase, or lease land or rights in land or water rights in connection with the undertaking;   (b) operate and maintain or enter into a contract for the operation and maintenance of any undertaking and furnish or enter into a contract for the furnishing of services, facilities, and commodities of the undertaking for its own use and for the use of public and private consumers within or outside the territorial boundaries of the irrigation district. However, an irrigation district may not furnish or enter into a contract for the furnishing of electrical energy or capacity except to a qualified purchaser under the Public Utility Regulatory Policies Act of 1978.   (c) lease any undertaking to a private or governmental entity.   (2) This section may not be construed to permit an irrigation district to condemn any property owned or controlled by a rural electric cooperative or a utility, whether publicly or privately owned. An irrigation district is expressly prohibited from condemning, pursuant to Title 70, chapter 30, property owned or controlled by a rural electric cooperative or utility.   History: En. Sec. 4, Ch. 193, L. 1987; amd. Sec. 105, Ch. 125, L. 2001; amd. Sec. 23, Ch. 275, L. 2017.
MT Code § 85-7-1412 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1412. Joint undertakings

  85-7-1412. Joint undertakings. Irrigation districts, through their respective boards of commissioners, may enter into contracts to jointly plan, acquire, construct, operate, maintain, and finance any undertaking in accordance with Title 85, chapter 7, part 16. The contract must specify, if an undertaking is financed under this part:   (1) that the contract cannot be terminated prior to the redemption or cancellation of any bonds issued under it; and   (2) the manner of disposing of the undertaking upon termination of the contract.   History: En. Sec. 5, Ch. 193, L. 1987.
MT Code § 85-7-1413 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1413. Authority to issue revenue bonds

  85-7-1413. Authority to issue revenue bonds. An irrigation district may:   (1) issue its bonds to finance in whole or in part the acquisition, construction, or improvement of any undertaking; and   (2) pledge to the punctual payment of bonds issued under this part and interest thereon an amount of the revenue of the undertaking (including subsequent improvements or extensions) sufficient to pay the bonds and interest as they become due, and maintain reasonable reserves therefor.   History: En. Sec. 6, Ch. 193, L. 1987.
MT Code § 85-7-1414 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1414. Determination of cost

  85-7-1414. Determination of cost. An issuer, in determining costs for purposes of 85-7-1413, may include:   (1) all costs and estimated costs of the issuance of the bonds;   (2) all engineering, inspection, fiscal, and legal expenses; and   (3) interest that it estimates will accrue during the construction period and for 6 months thereafter on money borrowed or that it estimates will be borrowed.   History: En. Sec. 7, Ch. 193, L. 1987.
MT Code § 85-7-1415 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1415. Nature of revenue bonds

  85-7-1415. Nature of revenue bonds. (1) No holder of any bonds issued under this part may compel the levy of any tax or assessment on property within the irrigation district to pay the bonds or interest thereon.   (2) Each bond issued under this part must recite in substance that:   (a) the bond, including interest thereon, is payable from the revenue pledged to the payment thereof or any other security pledged therefor, including a lien on the undertaking; and   (b) the bond does not constitute a debt of the irrigation district within the meaning of any constitutional or statutory limitation or provision.   History: En. Sec. 8, Ch. 193, L. 1987.
MT Code § 85-7-1416 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1416. Undertakings to be self-supporting

  85-7-1416. Undertakings to be self-supporting. (1) An issuer issuing bonds pursuant to this part shall collect reasonable fees for the services, facilities, and commodities of the undertaking and shall revise the fees from time to time so that the undertaking remains self-supporting.   (2) The fees prescribed must produce revenue at least sufficient to:   (a) pay when due all bonds and interest thereon for which the revenue is pledged, including reserves; and   (b) provide for all expenses of operation and maintenance of the undertaking, including reserves.   History: En. Sec. 9, Ch. 193, L. 1987.
MT Code § 85-7-1417 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1417. Use of revenue from undertaking

  85-7-1417. Use of revenue from undertaking. (1) An issuer of bonds pursuant to this part for the acquisition, construction, or improvement of any undertaking may apply the revenue of the undertaking for the following purposes:   (a) to pay when due all bonds and interest thereon for which the revenue is pledged, including reserves;   (b) to provide for all expenses of operation and maintenance of the undertaking, including reserves;   (c) to pay and discharge notes, bonds, or other obligations and interest thereon not issued under this part for which the revenue of the undertaking is pledged;   (d) to pay and discharge notes, bonds, or other obligations and interest thereon that do not constitute a lien or encumbrance on the revenue of the undertaking and which were issued for the purpose of financing the acquisition, construction, or improvement of the undertaking; and   (e) to provide a reserve for improvements to the undertaking.   (2) Unless adequate provision has been made for the purposes listed in subsection (1), no irrigation district may transfer the revenue of the undertaking to its general fund.   History: En. Sec. 10, Ch. 193, L. 1987.
MT Code § 85-7-1418 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1418. Authorization for undertaking and issuance of bonds

  85-7-1418. Authorization for undertaking and issuance of bonds. (1) The acquisition, construction, or improvement of any undertaking may be authorized under this part.   (2) Bonds may be authorized to be issued under this part by resolution of the governing body of the issuer without an election.   History: En. Sec. 11, Ch. 193, L. 1987.
MT Code § 85-7-1419 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1419. Covenants in resolution authorizing issuance of bonds

  85-7-1419. Covenants in resolution authorizing issuance of bonds. A resolution authorizing the issuance of bonds under this part may contain covenants relating to:   (1) the purposes for which the proceeds of sale of the bonds may be applied and the use and disposition of the proceeds;   (2) the use and disposition of the revenue of the undertaking for which the bonds are to be issued, including the creation and maintenance of reserves;   (3) the issuance of other or additional bonds payable from the revenue of the undertaking;   (4) the operation and maintenance of the undertaking;   (5) the insurance to be carried on the undertaking and the use and disposition of insurance money;   (6) books of account and the inspection and audit of the books; and   (7) the terms and conditions upon which the holders of the bonds or any portion of them or any trustee is entitled to the appointment of a receiver by the district court, which court shall have jurisdiction in such proceedings and which receiver may:   (a) enter and take possession of the undertaking;   (b) operate and maintain the undertaking;   (c) prescribe fees, subject to the approval of the public service commission if such approval is required; and   (d) collect, receive, and apply all revenues in the same manner as the issuer itself might do.   History: En. Sec. 12, Ch. 193, L. 1987.
MT Code § 85-7-1420 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1420. through 85-7-1430 reserved

  85-7-1420 through 85-7-1430 reserved.
MT Code § 85-7-1431 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1431. Remedies

  85-7-1431. Remedies. The provisions of the resolution authorizing the bonds are enforceable by any bondholder in any court of competent jurisdiction by mandamus or other appropriate proceeding.   History: En. Sec. 13, Ch. 193, L. 1987.
MT Code § 85-7-1432 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1432. Presumptions of validity of bonds

  85-7-1432. Presumptions of validity of bonds. (1) Bonds bearing the signatures of officers in office on the date of the signing of the bonds are valid obligations, notwithstanding that before the delivery of the bonds and payment for the bonds, any of the persons whose signatures appear on the bonds have ceased to be officers.   (2) The validity of the bonds is not dependent on the validity or regularity of any proceedings relating to the acquisition, construction, or improvement of the undertaking for which the bonds are issued.   (3) The resolution authorizing the bonds may provide that the bonds must contain a recital that they are issued pursuant to this part, which recital is conclusive evidence of their validity and of the regularity of the issuance.   History: En. Sec. 14, Ch. 193, L. 1987.
MT Code § 85-7-1433 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1433. Liens arising from bonds

  85-7-1433. Liens arising from bonds. The resolution authorizing the bonds must specify and define the revenues or portion of the undertaking's revenues that is appropriated and pledged for the security and payment of the bond principal and interest and the relative security of liens on the revenues in favor of bonds of one or more series or issues, whether issued concurrently or at different times.   History: En. Sec. 15, Ch. 193, L. 1987.
MT Code § 85-7-1434 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1434. Security interest in undertaking

  85-7-1434. Security interest in undertaking. The issuer may, pursuant to a mortgage, trust indenture, or security agreement, grant a security interest in the real and personal property constituting the undertaking itself.   History: En. Sec. 16, Ch. 193, L. 1987.
MT Code § 85-7-1435 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1435. Details relating to revenue bonds

  85-7-1435. Details relating to revenue bonds. Bonds authorized to be issued under this part shall bear interest at a rate not exceeding the limitation of 17-5-102, payable semiannually, and may be in one or more series; bear such date or dates; mature at such time or times, not exceeding 40 years from their respective dates of issuance; be payable in such place or places; carry such registration privileges; be subject to such terms of redemption; be executed in such manner; contain such terms, covenants, and conditions; and be in such form, either coupon or registered, as the resolution or subsequent resolutions may provide.   History: En. Sec. 17, Ch. 193, L. 1987.
MT Code § 85-7-1436 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1436. Sale of bonds

  85-7-1436. Sale of bonds. (1) Bonds authorized to be issued may be sold at a price not less than 97% of face value if the issuer determines that the sale is in the best interests of the irrigation district.   (2)  The bonds may be sold at public or private sale as determined by the irrigation district pursuant to 17-5-107.   History: En. Sec. 18, Ch. 193, L. 1987; amd. Sec. 25, Ch. 253, L. 2011.
MT Code § 85-7-1437 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1437. Notice of sale of bonds

  85-7-1437. Notice of sale of bonds. (1) Except as provided in subsection (2), the notice of sale of bonds required by 85-7-1436 for bonds sold publicly must be published once at least 5 days prior to such sale:   (a) in a newspaper of general circulation in the county in which the office of the issuer is located; and   (b) in a financial newspaper in New York, Chicago, or San Francisco.   (2) If the bond issue is in an amount of less than $150,000, the bond issue must be advertised at least 5 days prior to sale in a newspaper of general circulation throughout the state of Montana.   History: En. Sec. 19, Ch. 193, L. 1987; amd. Sec. 26, Ch. 253, L. 2011.
MT Code § 85-7-1438 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 14. Irrigation District Revenue Bond Act|85-7-1438. Interim receipts or certificates

  85-7-1438. Interim receipts or certificates. Pending the preparation of the definitive bonds, interim receipts or certificates, in a form and with provisions determined by the governing body, may be issued to the purchaser or purchasers of bonds sold pursuant to this part. The bonds and interim receipts or certificates are fully negotiable, as provided by Title 30, chapter 8.   History: En. Sec. 20, Ch. 193, L. 1987.
MT Code § 85-7-1501 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 15. Organization of Districts|85-7-1501. Qualifications of commissioners and term of office

  85-7-1501. Qualifications of commissioners and term of office. (1) To qualify as a commissioner, an individual:   (a) must own irrigable land within the division of the district that the individual would represent or hold an equity ownership in an entity that owns irrigable land within the division of the district that the individual would represent; and   (b) must be a resident of the county, or an adjoining county, in which some portion of the division of the district that the individual would represent is located.   (2) The commissioners appointed shall hold their respective offices until their respective successors are elected and qualified. Each of the commissioners shall qualify in the same manner as justices of the peace. The bond for a commissioner must be approved by the district court or judge of the district court and filed in the office of the clerk of the court.   (3) For the purposes of this section, the term "entity" means a corporation, a limited liability company, a business trust, an estate, a trust, a partnership, an unincorporated association, or a foundation.   History: En. Sec. 5, Ch. 146, L. 1909; amd. Sec. 1, Ch. 145, L. 1915; re-en. Sec. 7170, R.C.M. 1921; re-en. Sec. 7170, R.C.M. 1935; amd. Sec. 16, Ch. 460, L. 1977; R.C.M. 1947, 89-1205(part); amd. Sec. 398, Ch. 571, L. 1979; amd. Sec. 1, Ch. 584, L. 1989; amd. Sec. 1, Ch. 402, L. 2005.
MT Code § 85-7-1502 (2021)
2021 Montana Code Annotated|Title 85. Water Use|Chapter 7. Irrigation Districts|Part 15. Organization of Districts|85-7-1502. Organization of board of commissioners and establishment of office

  85-7-1502. Organization of board of commissioners and establishment of office. (1) The commissioners shall meet within 10 days after their appointment and shall organize as a board by the election of one of their number as president. They shall also elect a secretary (who may or may not be a commissioner). Except as provided in part 16 of this chapter, the compensation of the secretary and all other employees authorized under this chapter shall be fixed by the board.   (2) The board shall also at this meeting designate the place where the office of the board shall be established and maintained and its records kept, which place shall be in the county containing a substantial portion of the lands in the district; and such place shall not be changed except by resolution of the board, of which notice shall be given by at least one publication in some newspaper published or of general circulation in the county wherein the office of the district is located and by posting in at least three public places in each division of the district.   History: En. Sec. 6, Ch. 146, L. 1909; re-en. Sec. 7171, R.C.M. 1921; amd. Sec. 2, Ch. 157, L. 1923; re-en. Sec. 7171, R.C.M. 1935; amd. Sec. 1, Ch. 78, L. 1961; R.C.M. 1947, 89-1206.