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Montana Statutes, Title 20

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Montana/Statutes

← All Montana coverage

Title 20, Title 20

19 chapters · 965 sections in this title.

All chapters in Title 20965 Ch 9, FINANCE180 Ch 7, SCHOOL INSTRUCTION AND SPECIAL PROGRAMS158 Ch 25, UNIVERSITY SYSTEM142 Ch 6, SCHOOL DISTRICTS83 Ch 3, ELECTED OFFICIALS65 Ch 15, COMMUNITY COLLEGE DISTRICTS53 Ch 1, GENERAL PROVISIONS44 Ch 4, TEACHERS, SUPERINTENDENTS, AND PRINC…43 Ch 5, PUPILS43 Ch 10, TRANSPORTATION AND FOOD SERVICES36 Ch 26, STUDENT FINANCIAL ASSISTANCE30 Ch 20, SCHOOL ELECTIONS26 Ch 11, COMMUNITY CHOICE SCHOOLS17 Ch 2, STATE BOARDS AND COMMISSIONS16

965 sections·Filtered byTitle 20✕

Mont. Code Ann. § 20-9-366 Definitions
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Subject to adjustments pursuant to 20-9-336, as used in 20-9-366 through 20-9-371 the following definitions apply: (1) (a) "County elementary guaranteed tax base ratio" or "county high school guaranteed tax base ratio" for guaranteed tax base funding for the countywide levy for B…
Mont. Code Ann. § 20-9-367 Eligibility To Receive Guaranteed Tax Base Aid Or State Debt Service Assistance For School Facilities
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(1) If the county elementary or high school guaranteed tax base ratio is less than the corresponding statewide elementary or high school guaranteed tax base ratio, the county may receive guaranteed tax base aid based on the number of mills levied for the countywide levy for BASE …
Mont. Code Ann. § 20-9-368 Amount Of Guaranteed Tax Base Aid
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(1) The amount of guaranteed tax base aid per ANB that a county may receive in support of the retirement fund budgets of the elementary school districts in the county is the difference between the county mill value per elementary ANB and the statewide mill value per elementary AN…
Mont. Code Ann. § 20-9-369 Duties Of Superintendent Of Public Instruction And Department Of Revenue
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(1) The superintendent of public instruction shall administer the distribution of guaranteed tax base aid by: (a) providing each school district and county superintendent, by March 1 of each year, with the preliminary statewide and county guaranteed tax base ratios and, by May 1 …

Mont. Code Ann. § 20-9-370 Definitions

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As used in this title, unless the context clearly indicates otherwise, the following definitions apply: (1) "School facility entitlement" means: (a) $300 per ANB for an elementary school district; (b) $450 per ANB for a high school district; or (c) $370 per ANB for an approved an…

Mont. Code Ann. § 20-9-371 Calculation And Uses Of School Facility Entitlement Amount

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(1) The state reimbursement for school facilities for a district is the percentage determined in 20-9-346(2)(b) times (1-(district mill value per ANB/facility guaranteed mill value per ANB)) times the lesser of the total school facility entitlement calculated under the provisions…

Mont. Code Ann. § 20-9-376 Purpose Of Increased Funding Beyond Inflation

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The increases in state funding of BASE aid, as defined in 20-9-306, that a school district uses to increase its previous year's adopted general fund budget by an amount in excess of the inflation calculated in compliance with 20-9-326 are for the purpose of assisting school distr…

Mont. Code Ann. § 20-9-380 School Facilities Fund

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(1) There is a school facilities fund administered by the department of administration. Pursuant to 17-5-703, a percentage of coal severance taxes received by the state must be deposited into this fund. Earnings not transferred to the school facility and technology account as pro…

Mont. Code Ann. § 20-9-381 Future Ready Payment -- Purpose -- Calculation -- Definitions

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(1) Beginning in fiscal year 2028, the state shall provide a future ready payment to school districts. The payment is composed of incentive amounts as described in 20-9-306 and this section. The purpose of the payment is to: (a) expand personalized career and technical education …

Mont. Code Ann. § 20-9-382 Cte-Equivalent Credit -- Department Of Labor And Industry -- Rulemaking

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(1) Annually, but not later than December 1, the department of labor and industry shall adopt in rule a list of industry-recognized credentials, combinations of credentials, and work-based learning experiences, and the credit value of each. The list must: (a) be developed, in par…

Mont. Code Ann. § 20-9-383 Incentives For School Districts Based On Sharing Resources

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(1) Beginning in school fiscal year 2027, a school district must receive an enhanced quality educator and qualified staff payment, calculated as provided in 20-9-306 and this section, if it meets the legislative goals for resource sharing as described in this section. (2) If two …

Mont. Code Ann. § 20-9-384 School Funding Data Dashboard

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(1) The legislative fiscal analyst shall develop publicly available and interactive data tools related to school funding. The purpose of these tools is to help Montanans better understand school funding and to assist policymakers in monitoring the status of school funding. (2) Th…

Mont. Code Ann. § 20-9-401 Applicable Laws For School District Bonding

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(1) The school district bonding provisions of this title and all applicable laws of the state shall govern: (a) the issuance, refunding, and sale of school district bonds; (b) the levying of taxes for payment of the principal and interest on school district bonds; and (c) the red…

Mont. Code Ann. § 20-9-402 Definition Of School District For Bonding Purposes

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For the purposes of indebting an elementary district, a high school district, or a community college district by the issuance of bonds under the provisions of this title, the term "school district" means any elementary district, high school district, county high school district, …

Mont. Code Ann. § 20-9-403 Bond Issues For Certain Purposes

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(1) The trustees of a school district may issue and negotiate general obligation bonds, oil and natural gas revenue bonds, or impact aid bonds of the school district for the purpose of: (a) building, altering, repairing, buying, furnishing, equipping, purchasing lands for, or obt…

Mont. Code Ann. § 20-9-404 Contracts And Bonds For Joint Construction

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(1) The trustees of a school district may enter into a contract with the trustees of any school district within the county, with any school district in an adjoining county, with the governing body of another political subdivision within the county in which the school district is …

Mont. Code Ann. § 20-9-405 Proportional Joint Ownership -- Disposition Of Money

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The facility constructed under 20-9-404 must be jointly owned by the school districts or other political subdivisions contributing to its construction in proportion to the contribution of each political subdivision. The sale or other disposition of a district's interest in the fa…

Mont. Code Ann. § 20-9-406 Limitations On Amount Of Bond Issue -- Definition Of Federal Impact Aid Basic Support Payment -- Oil And Natural Gas Payment

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(1) (a) Except as provided in subsection (1)(c), the maximum amount for which an elementary district or a high school district may become indebted by the issuance of general obligation bonds, including all indebtedness represented by outstanding general obligation bonds of previo…

Mont. Code Ann. § 20-9-407 Industrial Facility Agreement For Bond Issue In Excess Of Maximum

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(1) Pursuant to an agreement between a new major industrial facility and a school district and as a precondition to qualifying as class five property under 15-6-135(1)(c) before the amendment of 15-6-135 in Chapter 644, Laws of 2023, the new major industrial facility and its owne…

Mont. Code Ann. § 20-9-408 Definition Of Forms Of Bonds

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As used in this part, the following definitions apply: (1) "Amortization bond" means that form of bond on which a part of the principal is required to be paid each time that interest becomes due and payable. The part payment of principal increases with each following installment …

Mont. Code Ann. § 20-9-410 Limitation Of Term And Interest -- Timing For Redemption

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(1) School district bonds may not be issued for a term longer than 30 years, except that bonds issued to refund or redeem outstanding bonds may not be issued for a term longer than 10 years unless the unexpired term of the bonds to be refunded or redeemed is in excess of 10 years…

Mont. Code Ann. § 20-9-411 Dates Of Issue And Payments

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In order that the dates of payment of installments on school district bond issues may coincide as nearly as possible with the largest monthly tax collections, all school district bonds shall preferably bear a date of some day in June or December. For this reason, the bonds may be…

Mont. Code Ann. § 20-9-412 Issuance Of Refunding Bonds Without Election

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(1) Bonds of a school district issued for the purpose of providing the money needed to redeem outstanding bonds may be issued without submitting the proposition to the electorate at an election. In order to issue refunding bonds, the trustees, at a regular meeting or a special me…

Mont. Code Ann. § 20-9-421 Election To Authorize The Issuance Of School District Bonds And The Methods Of Introduction

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A school district may not issue bonds for any purpose other than that provided in 15-1-402, 20-9-412, and 20-9-471 unless the issuance of bonds has been authorized by the qualified electors of the school district at an election called for the purpose of considering a proposition …

Mont. Code Ann. § 20-9-422 Additional Requirements For Trustees' Resolution Calling Bond Election

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(1) In addition to the requirements for calling an election that are prescribed in 20-20-201 and 20-20-203, the trustees' resolution calling a school district bond election must: (a) specify whether the bonds will be general obligation bonds, oil and natural gas revenue bonds, or…

Mont. Code Ann. § 20-9-423 Form, Contents, And Circularization Of Petition Proposing School District Bond Election

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Any petition for the calling of an election on the proposition of issuing school district bonds must: (1) specify whether the bonds will be general obligation bonds, oil and natural gas revenue bonds, or impact aid revenue bonds and, if oil and natural gas revenue bonds, whether …

Mont. Code Ann. § 20-9-424 Validation Of Petition -- Election Administrator's Certificate

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(1) The petitioners for a school district bond election shall submit their petition to the county election administrator of the county where the school district is located for validation of the signatures on the petition. The county election administrator shall examine the petiti…

Mont. Code Ann. § 20-9-425 Trustees' Consideration Of Validated Petition Proposing Bond Election

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When a school district receives a school district bond petition from the county registrar, a meeting of the trustees shall be called for the consideration of the petition. The trustees shall be the judges of the adequacy of the petition, and their findings shall be conclusive aga…

Mont. Code Ann. § 20-9-426 Preparation And Form Of Ballots For Bond Election

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(1) The school district shall cause ballots to be prepared for all bond elections. (2) All ballots must be substantially in the following form: OFFICIAL BALLOT SCHOOL DISTRICT BOND ELECTION INSTRUCTIONS TO VOTERS: Make an X or similar mark in the vacant square before the words "B…

Mont. Code Ann. § 20-9-427 Notice Of Bond Election By Separate Purpose

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(1) A school district bond election must be conducted in accordance with the school election provisions of this title, except that the election notice must be in substantially the following form: NOTICE OF SCHOOL DISTRICT BOND ELECTION Notice is hereby given by the trustees of Sc…

Mont. Code Ann. § 20-9-428 Determination Of Approval Or Rejection Of Proposition At Bond Election

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(1) When the trustees canvass the vote of a school district bond election under the provisions of 20-20-415, they shall determine the approval or rejection of the school bond proposition in the following manner: (a) Except as provided in subsection (1)(c), if the school district …

Mont. Code Ann. § 20-9-429 Trustees' Resolution To Issue School District Bonds Pursuant To Public Sale

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If the trustees conduct a public sale, at any time after the date of the election certificate, the trustees shall adopt a resolution calling for the sale of bonds of the school district. The resolution must specify: (1) the number of series or installments in which the bonds are …

Mont. Code Ann. § 20-9-430 Sale Of School District Bonds And Notice Of Public Sale

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The trustees may sell school district bonds at public or private sale pursuant to 17-5-107. If the trustees conduct a public sale, the trustees shall give notice of the sale of school district bonds. The notice must state the purpose for which the bonds are to be issued and the a…

Mont. Code Ann. § 20-9-431 Publication Of Notice Of Sale Of School District Bonds

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If the trustees conduct a public sale, the trustees shall publish the notice of sale of the bonds, as provided in 17-5-106, in one or more newspapers as determined by the trustees.

Mont. Code Ann. § 20-9-432 Sale Of School District Bonds

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(1) If the trustees conduct a public sale, the trustees shall meet at the time and place fixed in the notice to consider bids on the bond issue. The bonds must be sold at not less than the minimum bid specified for bonds with accrued interest to date of delivery, and each bidder …

Mont. Code Ann. § 20-9-433 Form And Execution Of School District Bonds

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(1) At the time of the sale of the bonds or at a meeting held after the sale, the trustees shall adopt a resolution or indenture of trust providing for the issuance of the bonds, prescribing the form of the bonds, whether amortization or serial bonds, and prescribing the manner o…

Mont. Code Ann. § 20-9-434 Registration Of School District Bonds By County Treasurer And Copy For Preservation

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(1) When the school district bonds have been executed by the presiding officer of the trustees and the school district clerk, the bonds must be registered by the county treasurer in the treasurer's bond registration book before the bonds are delivered to the purchaser. The bond r…

Mont. Code Ann. § 20-9-435 Delivery Of School District Bonds And Disposition Of Sale Money

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(1) After the school district bonds have been registered, the county treasurer shall: (a) when the board of investments has purchased the bonds, forward the bonds to the board that, in turn, shall send the bonds to the state treasurer and shall pay the bonds in the manner provide…

Mont. Code Ann. § 20-9-436 County Attorney To Assist In Proceedings

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The trustees of a school district conducting bond proceedings shall prepare and maintain a transcript of their bond proceedings. It is a part of the official duties of the county attorney of every county of this state to advise and assist the trustees of each school district of t…

Mont. Code Ann. § 20-9-437 School District Liable On Bonds

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(1) The full faith, credit, and taxable resources of a school district issuing general obligation bonds under the provisions of this title are pledged for the repayment of the bonds with interest according to the terms of the bonds. For the purpose of making the provisions of thi…

Mont. Code Ann. § 20-9-438 Preparation Of General Obligation Debt Service Fund Budget -- Operating Reserve

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(1) The trustees of each school district having outstanding general obligation bonds shall include in the debt service fund of the final budget adopted in accordance with 20-9-133 an amount of money that is necessary to pay the interest and the principal amount becoming due durin…

Mont. Code Ann. § 20-9-439 Computation Of Net Levy Requirement For General Obligation Bonds -- Procedure When Levy Inadequate

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Subject to 20-6-326, the following provisions apply: (1) The county superintendent shall compute the levy requirement for each school district's general obligation debt service fund on the basis of the following procedure: (a) Determine the total money available in the debt servi…

Mont. Code Ann. § 20-9-440 Payment Of Debt Service Obligations -- Termination Of Interest

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(1) The school district shall provide the county treasurer with a general obligation bond, oil and natural gas revenue bond, or impact aid revenue bond debt services schedule. The county treasurer shall maintain a separate debt service fund for each school district and, if bonds …

Mont. Code Ann. § 20-9-441 Redemption Of Bonds -- Investment Of Debt Service Fund Money

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(1) Whenever there is a sufficient amount of money in any school district debt service fund available to pay and redeem one or more bonds of the school district held by the state of Montana, the county treasurer shall apply the money in payment of as many of the bonds as can be p…

Mont. Code Ann. § 20-9-442 Entries Of Payments And Notification Of School District

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The county treasurer shall make the necessary entries of all payments of interest and principal on the treasurer's bond registration record and shall promptly notify the clerk of the school district when the payments are made. The county treasurer also shall deliver the canceled …

Mont. Code Ann. § 20-9-443 Disposition Of Remaining Debt Service Fund

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(1) Except as provided in subsection (2), when all of the bonds, bond interest, and special improvement district obligations of a school district have been fully paid, all money remaining in the debt service fund for the school district and all money that may come into the debt s…

Mont. Code Ann. § 20-9-444 Liability Of Officers For Failure To Provide Fund For Payment Of Bonds

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When the trustees of a school district are required by law to provide, by a levy of taxes or by certifying the amount of money required or otherwise, a sinking fund or fund required to pay at maturity any bonds issued or created after February 6, 1923, such trustees are jointly a…

Mont. Code Ann. § 20-9-445 Liability For Misuse Of Bond Payment Fund

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Any person or persons who shall take, use, appropriate, or permit to be taken, used, or appropriated any portion of any such fund as herein specified for any purpose other than that permitted by law shall be jointly and severally liable to the county, city, school district, irrig…

Mont. Code Ann. § 20-9-446 Duty Of County Attorney To Prosecute

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It shall be the duty of the county attorney in each county to commence and prosecute all actions to enforce any liability created by 20-9-444 or 20-9-445. Such actions shall be tried as civil actions at law.

Mont. Code Ann. § 20-9-461 Purpose

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Section 20-9-464 and this section are intended to improve the marketability of bonds issued by school districts in order that the bonds may be sold upon the most favorable terms.