Montana § 76-15-505 - Authorization To Borrow Money -- Limitations
Full text of Montana Montana Code Annotated § 76-15-505 — Authorization To Borrow Money -- Limitations, with citation guidance and answers to common questions.
§ 76-15-505. Authorization To Borrow Money -- Limitations
Authorization to borrow money -- limitations. (1) If, after the levy of the annual assessments for the current year, the board of supervisors finds that, because of some unusual or unforeseen cause, funds raised through the collection of the assessments and from other sources will not be sufficient for the proper maintenance and operation of the district and the works in the district, the board of supervisors may: (a) borrow additional funds needed in an amount not to exceed 50 cents per acre for the lands within the district and may pledge the credit of the district for the payment of the funds; or (b) request the county commissioners to issue and register warrants in anticipation of further collections. (2) Subject to 15-10-420 , the board of supervisors shall include in the levy for the ensuing year the amount required to pay the loan or to retire the warrants. The warrants may not exceed 90% of the assessment for the year.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 76-15-505
What does Montana Code Annotated § 76-15-505 cover?
Section 76-15-505 ("Authorization To Borrow Money -- Limitations") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 76-15-505?
A common citation format is "Montana Code Annotated § 76-15-505" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 76-15-505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.