1. MCA Contents
  2. TITLE 7
  3. CHAPTER 12
  4. Part 42
  5. 7-12-4226 Investment of surplus reserves

Montana Code Annotated 2021

TITLE 7. LOCAL GOVERNMENT

CHAPTER 12. IMPROVEMENT DISTRICTS

Part 42. Special Improvement Districts Continued

Investment Of Surplus Reserves

7-12-4226. Investment of surplus reserves. Surplus reserves not needed for immediate use may from time to time be invested in securities of the United States or certificates of deposit approved by the city council. The interest earned from such investments shall be placed to the credit of the revolving fund.

History: En. Sec. 4, Ch. 24, L. 1929; re-en. Sec. 5277.4, R.C.M. 1935; amd. Sec. 4, Ch. 255, L. 1971; R.C.M. 1947, 11-2272(part).