7-8-2308. Sale or donation of land valued at less than $50 and land not acquired by tax deed. (1) Property belonging to the county of the value of less than $50 and property of the county acquired by means other than by tax deed may be:
     (a) sold as provided by 7-8-2211 through 7-8-2220. Except to the extent that those sections may conflict with the provisions of this part, 7-8-2211 through 7-8-2220 remain in force and effect. This section may not be construed as repealing 7-8-2401 through 7-8-2403.
     (b) donated or sold at a reduced price to a corporation for the purpose of constructing:
     (i) a multifamily housing development operated by the corporation for low-income housing;
     (ii) single-family houses. Upon completion of a house, the corporation shall sell the property to a low-income person who meets the eligibility requirements of the corporation. Once the sale is completed, the property becomes subject to taxation.
     (iii) improvements to real property or modifying, altering, or repairing improvements to real property that will enable the corporation, subject to the restrictions of Article X, section 6, of the Montana constitution, to pursue purposes specified in the articles of incorporation of the corporation, including the sale, lease, rental, or other use of the donated land and improvements.
     (2) Land that is transferred pursuant to subsection (1)(b) must be used to permanently provide low-income housing. The transfer of the property may contain a reversionary clause to reflect this condition.

     History: En. Sec. 8, Ch. 171, L. 1941; R.C.M. 1947, 84-4197; amd. Sec. 3, Ch. 170, L. 2009.