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Current as of January 01, 2024 | Updated by Findlaw Staff
The total amount of indebtedness authorized under 7-14-4401(1) to be contracted in any form, including existing indebtedness, may not at any time exceed the debt limitation established in 7-7-4201. Money may not be borrowed or bonds issued for the purposes specified in 7-14-4401(1) until the proposition has been submitted to the vote of the taxpayers of the city or town and a majority vote is cast in its favor.
Cite this article: FindLaw.com - Montana Title 7. Local Government § 7-14-4402. Limit on indebtedness to provide bus service - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-7-local-government/mt-st-7-14-4402/
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