7-12-4429. Financial assistance from the United States. Cities and towns are authorized to:
     (1) enter into suitable agreements with the United States of America for loans of money and for receiving financial assistance to do the work and improvements contemplated by 7-12-4405; and
     (2) provide for the repayment thereof by yearly payments from funds derived from districts created under 7-12-4402, apportioned over a period of time not exceeding 20 years.

     History: En. Sec. 2, Ch. 12, Ex. L. 1933; re-en. Sec. 5271.2, R.C.M. 1935; R.C.M. 1947, 11-2259; amd. Sec. 17, Ch. 212, L. 1983; amd. Sec. 18, Ch. 370, L. 1987.