Montana Code 7-12-1144. Obligations of district not obligations of local government
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7-12-1144. Obligations of district not obligations of local government. An obligation or debt of any nature of a district is not an obligation or debt of the local government that established the district, and in no event is a debt or obligation of a district payable out of any funds or properties of the local government. The debts and obligations of a district are payable solely from the funds and properties of the district.
Terms Used In Montana Code 7-12-1144
- District: means a business improvement district created under this part. 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
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.