HOUSE BILL NO. 443

INTRODUCED BY S. BOOKOUT-REINICKE

A BILL FOR AN ACT ENTITLED: "AN ACT PROVIDING THAT A MAJORITY VOTE OF THE ELECTORS OF A CITY OR TOWN IS REQUIRED FOR THE ISSUANCE OF BONDS; AMENDING SECTION 7-7-4235, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE."

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:

Section 1. Section 7-7-4235, MCA, is amended to read:

"7-7-4235. Percentage of electors required to authorize issuing of bonds. Whenever the question of issuing bonds for any purpose is submitted to the registered electors of a city or town at a general election, at an election that is conducted by mail ballot, as provided in Title 13, chapter 19, or at a special election that is held in conjunction with a regular or primary election, the determination of the approval or rejection of the bond proposition is made

by a majority of the votes cast on the issue."

NEW SECTION. Section 2. Effective date. [This act] is effective on passage and approval.

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