Montana § 85-7-1416 - Undertakings To Be Self-Supporting
Full text of Montana Montana Code Annotated § 85-7-1416 — Undertakings To Be Self-Supporting, with citation guidance and answers to common questions.
§ 85-7-1416. Undertakings To Be Self-Supporting
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.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 85-7-1416
What does Montana Code Annotated § 85-7-1416 cover?
Section 85-7-1416 ("Undertakings To Be Self-Supporting") 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 § 85-7-1416?
A common citation format is "Montana Code Annotated § 85-7-1416" (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 § 85-7-1416 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.