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HOUSE BILL NO. 443
INTRODUCED BY S. BOOKOUT-REINICKE
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
the 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 in the following manner: (1) determine the total number of electors who were qualified to vote in the bond election; (2) determine the total number of qualified electors who voted in the bond election from the tally sheet or sheets for the
election; (3) calculate the percentage of qualified electors voting at the bond election by dividing the number determined in
subsection (2) by the number determined in subsection (1); and (4) when the calculated percentage in subsection (3) is 40% or more, the bond proposition is considered approved and
adopted if a majority of the votes cast were in favor of the proposition, otherwise it is considered rejected; or (5) when the calculated percentage in subsection (3) is more than 30% but less than 40%, the bond proposition is
considered approved and adopted if 60% or more of the votes cast were in favor of the proposition, otherwise it is
considered rejected; or (6) when the calculated percentage in subsection (3) is 30% or less, the bond proposition is considered rejected by a
majority of the votes cast on the issue."
Section 2. Effective date. [This act] is effective on passage and approval.
- END -
Latest Version of HB 443 (HB0443.ENR)
Processed for the Web on March 31, 1999 (2:05PM)
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