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Current as of January 01, 2024 | Updated by FindLaw Staff
(1) The trustees of a school district shall adopt a resolution no later than March 31 of each fiscal year and provide notice pursuant to subsection (2) whenever the trustees intend to impose an increase in a nonvoted levy in the ensuing school fiscal year for the purposes of funding any of the funds listed below:
(a) the tuition fund under 20-5-324;
(b) the adult education fund under 20-7-705;
(d) the bus depreciation reserve fund under 20-10-147; and
(2) The trustees shall provide notice of intent to impose an increase in a nonvoted levy for the ensuing school fiscal year by:
(a) adopting a resolution of intent to impose an increase in a nonvoted levy that includes, at a minimum, the estimated number of increased or decreased mills to be imposed and the estimated increased or decreased revenue to be raised compared to nonvoted levies under subsections (1)(a) through (1)(e) imposed in the current school fiscal year and, based on the district's taxable valuation most recently certified by the department of revenue under 15-10-202, the estimated impacts of the increase or decrease on a home valued at $100,000 and a home valued at $200,000; and
(b) publishing in a newspaper that will give notice to the largest number of people of the district as determined by the trustees and posting to the school district's website:
(i) the resolution under subsection (2)(a); and
(ii) the resolution under 20-9-502(3)(a)(i) if adopted by the trustees.
Cite this article: FindLaw.com - Montana Title 20. Education § 20-9-116. Resolution of intent to increase nonvoted levy--notice - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-20-education/mt-code-ann-sect-20-9-116/
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 or via Westlaw before relying on it for your legal needs.
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