Montana Code 7-12-1143. Liability insurance required
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7-12-1143. Liability insurance required. The governing body may not approve the annual budget or the work plan submitted to it by the board unless the annual budget and the work plan provide for liability insurance coverage insuring the district, the board, and the local government against legal liability for personal injury and property damage in an amount determined sufficient for that purpose by the governing body.
Terms Used In Montana Code 7-12-1143
- Board: means the board of trustees created in 7-12-1121. See Montana Code 7-12-1103
- District: means a business improvement district created under this part. See Montana Code 7-12-1103
- Governing body: means the legislative body of a local government. See Montana Code 7-12-1103
- Local government: means a municipality, a county, or a consolidated city-county government. See Montana Code 7-12-1103
- Property: means real and personal property. See Montana Code 1-1-205