Montana Code 67-11-304. Reserve fund
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67-11-304. Reserve fund. An airport authority may create a reserve fund for the use, repairs, maintenance, and capital outlays of an airport.
Terms Used In Montana Code 67-11-304
- Outlays: Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.