1. MCA Contents
  2. TITLE 7
  3. CHAPTER 12
  4. Part 42
  5. 7-12-4249 Meaning of term deficiency

Montana Code Annotated 2019

TITLE 7. LOCAL GOVERNMENT

CHAPTER 12. IMPROVEMENT DISTRICTS

Part 42. Special Improvement Districts Continued

Meaning Of Term Deficiency

7-12-4249. Meaning of term deficiency. A deficiency shall exist in any district fund whenever principal and interest is due and there is no money in the fund to pay the same.

History: En. Sec. 5, Ch. 260, L. 1947; R.C.M. 1947, 11-2278(part).