{"data":{"id":"us-mt/19-18-504","jurisdiction":"us-mt","citation":"19-18-504","heading":"Special tax levy for fund required.","body":"(1) The fund must be reviewed on an annual basis to determine whether the fund is soundly funded pursuant to 19-18-503.\n(2) Based on the annual review:\n(a) if the fund contains an amount that is less than the minimum amount required to keep the fund soundly funded pursuant to 19-18-503, the city or town council shall, subject to 15-10-420, levy an annual tax on the taxable value of all taxable property within the city or town;\n(b) if the fund contains an amount that is less than the maximum but more than the minimum required to keep the fund soundly funded pursuant to 19-18-503(1)(a), the city or town council may, if authorized by the voters as provided in 15-10-425, levy an annual tax.\n(3) All revenue from the tax must be deposited in the fund.","path":["TITLE 19. PUBLIC RETIREMENT SYSTEMS","CHAPTER 18. FIREFIGHTERS' RETIREMENT","Part 5. Contributions to Fund"],"source_url":"https://mca.legmt.gov/bills/mca/title_0190/chapter_0180/part_0050/section_0040/0190-0180-0050-0040.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:49:06Z","sha256":"bd5d3b12f166022416323f0afc3d9287f8b0dcc184097ceb07fd6faae59fc371","source_id":"us-mt","stale":false,"prev":"us-mt/19-18-503","next":"us-mt/19-18-505"},"notice":"GroundRules: Original legal text. Not legal advice."}