House Bill No. 263
Introduced By dowell, nelson
A Bill for an Act entitled: "An Act authorizing the trustees of a school district to enter into a contract with the trustees of any school district within the county or with any school district in an adjoining county to issue bonds for the joint construction of a facility; clarifying the interlocal agreements law to include a reference to joint bonding authority; amending sections 7-11-104, 20-9-404, and 20-9-405, MCA; and providing an applicability date."
Be it enacted by the Legislature of the State of Montana:
Section 1. Section 7-11-104, MCA, is amended to read:
"7-11-104. Authorization to create interlocal agreements -- issuance of bonds for joint construction.
Any one One or
more public agencies may contract with any one or more other public agencies to perform any administrative service,
activity, or undertaking, including the issuance of bonds for the joint construction of a facility under 20-9-404, which that
any of said the public agencies entering into the contract is authorized by law to perform. Such The contract shall must be
authorized and approved by the governing body of each party to said the contract. Such The contract shall set forth must
outline fully the purposes, powers, rights, obligations, and responsibilities of the contracting parties."
Section 2. Section 20-9-404, MCA, is amended to read:
"20-9-404. Contracts and bonds for joint construction. The trustees of a school district may enter into a contract with
the trustees of any school district within the county or with any school district in an adjoining county to provide for the
joint construction of
vocational-technical secondary schools a facility upon such terms and conditions as may be mutually
agreed upon between such the districts. The trustees of any district executing a contract in accordance with this section
may levy taxes and issue bonds for the purpose of constructing the facilities authorized by this section."
Section 3. Section 20-9-405, MCA, is amended to read:
"20-9-405. Proportional joint ownership -- disposition of
moneys money. The vocational-technical secondary school
facility constructed under 20-9-404 shall must be jointly owned by the school districts contributing to its construction in
proportion to the contribution of each district. The sale or other disposition of a district's interest in the school shall
FACILITY must be made in accordance with 20-6-604. Moneys Money received from the sale or disposition of a district's
interest in a vocational-technical secondary school shall facility must be credited to the debt service fund, building fund,
general fund, or any combination of these three funds, at the discretion of the trustees."
NEW SECTION. Section 4. Applicability. [This act] applies to contracts entered into after [the effective date of this act].