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2019 Montana Code Annotated
Title 7. Local Government
Chapter 12. Improvement Districts
Part 42. Special Improvement Districts Continued
7-12-4226. Investment of surplus reserves
Universal Citation: MT Code § 7-12-4226 (2019)
7-12-4226. Investment of surplus reserves. Surplus reserves not needed for immediate use may from time to time be invested in securities of the United States or certificates of deposit approved by the city council. The interest earned from such investments shall be placed to the credit of the revolving fund.
History: En. Sec. 4, Ch. 24, L. 1929; re-en. Sec. 5277.4, R.C.M. 1935; amd. Sec. 4, Ch. 255, L. 1971; R.C.M. 1947, 11-2272(part).
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