Table of Contents TITLE 7. LOCAL GOVERNMENT CHAPTER 14. TRANSPORTATION Part 46. Parking Commissions

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7-14-4601 — Findings and purpose 7-14-4602 — Definitions 7-14-4603 — Creation of parking commi... 7-14-4604 — Public nature of parking... 7-14-4605 — Determination of need to... 7-14-4606 — Resolution of need requir... 7-14-4607 — Resolution for parking co... 7-14-4608 — Adoption of resolutions –... 7-14-4609 — Appointment of commission 7-14-4610 — Term of office 7-14-4611 — Removal of parking commis... 7-14-4612 — Organization and operatio... 7-14-4613 — Funds for administrative... 7-14-4614 — Annual audit of financial... 7-14-4615 — Reports on commission tra... 7-14-4616 — Termination of parking co... 7-14-4621 — General powers of parking... 7-14-4622 — Powers of parking commiss... 7-14-4623 — Transfer of parking commi... 7-14-4624 — Powers of commission rela... 7-14-4625 — Limitation on employment... 7-14-4626 — Limitation on power of em... 7-14-4627 — Leasing of surplus or une... 7-14-4628 — Nature of onstreet parkin... 7-14-4629 — Manner of operating parki... 7-14-4630 — Notice for bids to lease... 7-14-4631 — Compliance with land use... 7-14-4632 — Cooperation with other mu... 7-14-4633 — Municipality authorized t... 7-14-4634 — Charges for use of parkin... 7-14-4635 — Authority to establish li... 7-14-4641 — Authority to issue revenu... 7-14-4642 — Election required to issu... 7-14-4643 — Sources of revenue for pa... 7-14-4644 — Restrictions on use of re... 7-14-4645 — Power to determine terms... 7-14-4646 — Series or divisions of bo... 7-14-4647 — Interest on revenue bonds 7-14-4648 — Payment of principal and... 7-14-4649 — Maturity dates of revenue... 7-14-4650 — Signatures on bonds 7-14-4651 — Redemption of revenue bon... 7-14-4652 — Details relating to sale... 7-14-4653 — Temporary or interim bond... 7-14-4654 — Exemption from certain st... 7-14-4655 — Authorization to enter in... 7-14-4656 — Contents of indenture 7-14-4657 — Special provisions relati... 7-14-4658 — Incorporation by referenc... 7-14-4659 — Funding and refunding bon... 7-14-4660 — Expenses which may be pai... 7-14-4661 — Bonds to be negotiable 7-14-4662 — Bonds as legal investment... 7-14-4663 — Authorization to designat... 7-14-4664 — Rights of obligees 7-14-4665 — Role of appointed receive... 7-14-4666 — Exemption from execution...

Mont. Code Ann. § 7-14-4635

(2015)

Authority to establish lien on charges for payment of bonds

The commission may provide that bond redemption and the interest payment shall constitute a first, direct, and exclusive charge and lien on all such fees, charges, and other revenues and interest thereon and sinking funds created therefrom received from the use and operation of the project for the acquisition, construction, or completion of which such revenue bonds were issued. All such fees and charges and other revenues, together with the interest thereon, shall constitute a trust fund for the security and payment of such bonds and shall not be used or pledged for any other purpose so long as such bonds (or any of them) are outstanding and unpaid.

Official Annotations archive.org, 2015 edition

History:

EnactedEn. SectionSec. 22, ChapterCh. 223, Laws ofL. 1951

Revised Codes of MontanaR.C.M. 1947, 11-3722(part).

Source text on leg.mt.gov