{"data":{"id":"us-mt/7-14-2524","jurisdiction":"us-mt","citation":"7-14-2524","heading":"Limitation on amount of bonds issued.","body":"(1) Except as otherwise provided in 7-7-2203, 7-7-2204, and this section, a county may not issue bonds in an amount that, with all outstanding bonds and warrants except emergency bonds, exceeds 0.68% of the total assessed value of taxable property, determined as provided in 15-8-111, within the county, as ascertained by the last assessment for state and county taxes.\n(2) A county may issue bonds in an amount that, with all outstanding bonds and warrants, exceeds 0.68% but does not exceed 2.5% of the total assessed value of taxable property, determined as provided in 15-8-111, when necessary for the purpose of replacing, rebuilding, or repairing county buildings, bridges, or highways that have been destroyed or damaged by an act of God or by a disaster, catastrophe, or accident.\n(3) The value of the bonds issued and all other outstanding indebtedness of the county may not exceed 2.5% of the total assessed value of taxable property, determined as provided in 15-8-111, within the county, as ascertained by the last assessment for state and county taxes prior to the issuance of the bonds.","path":["TITLE 7. LOCAL GOVERNMENT","CHAPTER 14. TRANSPORTATION","Part 25. Financial Management of County Roads and Bridges"],"source_url":"https://mca.legmt.gov/bills/mca/title_0070/chapter_0140/part_0250/section_0240/0070-0140-0250-0240.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:45:25Z","sha256":"52765f535f5e93a9481526041c4ed917267e0cd128f28f062292c31fc2b39077","source_id":"us-mt","stale":false,"prev":"us-mt/7-14-2523","next":"us-mt/7-14-2525"},"notice":"GroundRules: Original legal text. Not legal advice."}