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Current as of January 01, 2024 | Updated by Findlaw Staff
A political subdivision of the state shall satisfy a final judgment or settlement out of funds that may be available from the following sources:
(1) insurance;
(2) the general fund or any other funds legally available to the governing body;
(3) a property tax, otherwise properly authorized by law, collected by a special levy authorized by law, in an amount necessary to pay any unpaid portion of the judgment or settlement;
(4) proceeds from the sale of bonds issued by a county, city, or school district for the purpose of deriving revenue for the payment of the judgment or settlement liability. The governing body of a county, city, or school district may issue bonds pursuant to procedures established by law. Property taxes may be levied to amortize the bonds.
Cite this article: FindLaw.com - Montana Title 2. Government Structure and Administration § 2-9-316. Judgments against governmental entities - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-2-government-structure-and-administration/mt-st-2-9-316/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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