Montana § 85-9-632 - Revolving Funds
Full text of Montana Montana Code Annotated § 85-9-632 — Revolving Funds, with citation guidance and answers to common questions.
§ 85-9-632. Revolving Funds
Revolving funds. (1) The directors by resolution may establish revolving funds to finance, on a reimbursable basis: (a) construction, purchase, lease, and operation of revenue-producing works; (b) contracts to provide services or facilities. (2) Money in the revolving fund shall not be spent for any purposes other than those specified in the resolution. However, excess money may be transferred to any sinking and interest fund of the district. (3) The county treasurer of the county having the largest portion of the taxable valuation of real property of the district shall maintain a separate account for each revolving fund of the district, and all money collected under the resolution shall be deposited with the county treasurer.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 85-9-632
What does Montana Code Annotated § 85-9-632 cover?
Section 85-9-632 ("Revolving Funds") 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 § 85-9-632?
A common citation format is "Montana Code Annotated § 85-9-632" (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 § 85-9-632 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.