Montana Code 7-6-4014. Restriction on tax-financed expenditures if voter approval required
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7-6-4014. Restriction on tax-financed expenditures if voter approval required. If an expenditure is to be financed from a tax levy required to be authorized and approved at an election, the expenditure may not be made or an obligation may not be incurred against the expenditure until the tax levy is authorized and approved.
Terms Used In Montana Code 7-6-4014
- 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.