§ 85-7-1401 Short title
§ 85-7-1402 Definitions
§ 85-7-1403 Interpretation
§ 85-7-1411 Authority to acquire, construct, maintain, operate, and lease various undertakings
§ 85-7-1412 Joint undertakings
§ 85-7-1413 Authority to issue revenue bonds
§ 85-7-1414 Determination of cost
§ 85-7-1415 Nature of revenue bonds
§ 85-7-1416 Undertakings to be self-supporting
§ 85-7-1417 Use of revenue from undertaking
§ 85-7-1418 Authorization for undertaking and issuance of bonds
§ 85-7-1419 Covenants in resolution authorizing issuance of bonds
§ 85-7-1431 Remedies
§ 85-7-1432 Presumptions of validity of bonds
§ 85-7-1433 Liens arising from bonds
§ 85-7-1434 Security interest in undertaking
§ 85-7-1435 Details relating to revenue bonds
§ 85-7-1436 Sale of bonds
§ 85-7-1437 Notice of sale of bonds
§ 85-7-1438 Interim receipts or certificates
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Montana Code > Title 85 > Chapter 7 > Part 14 - Irrigation District Revenue Bond Act

  • Contract: A legal written agreement that becomes binding when signed.
  • Dependent: A person dependent for support upon another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Irrigation district: means a district created pursuant to Title 85, chapter 7, part 1. See Montana Code 85-7-1402
  • Issuer: means the board of commissioners of an irrigation district or a board of control created pursuant to Title 85, chapter 7, part 16. See Montana Code 85-7-1402
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Property: means real and personal property. See Montana Code 1-1-205
  • Revenues: means any fees, charges, rates, rents, or lease payments. See Montana Code 85-7-1402
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Trustee: A person or institution holding and administering property in trust.
  • Undertaking: means any one or a combination of the following:

    (a)water sources, water rights, irrigation canals, irrigation systems, including pumping facilities or gravity measure systems, reservoirs, reservoir sites, or small power production facilities that are:

    (i)certified as such by the federal energy regulatory commission; and

    (ii)are associated with federal reclamation projects;

    (b)any real or personal property or water rights related to or necessary to provide, operate, and maintain an undertaking listed in subsection (4)(a). See Montana Code 85-7-1402