HOUSE BILL NO. 426
INTRODUCED BY ROSS
AN ACT REMOVING THE $500,000 LIMIT ON A COUNTY'S ROAD AND BRIDGE CAPITAL IMPROVEMENT FUND; AMENDING SECTION 7-14-2506, MCA; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, under current Montana law, the governing body of a county may establish a road and bridge capital improvement fund to be used for acquisition and replacement of property and equipment; and
WHEREAS, that fund currently may not exceed $500,000; and
WHEREAS, many projects or acquisitions can substantially exceed the current limit.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
Section 1. Section 7-14-2506, MCA, is amended to read:
"7-14-2506. County road and bridge capital improvement fund -- limitation. The governing body of a county may establish a road and bridge capital improvement fund in accordance with the provisions of Title 7, chapter 6, part 6. The fund may not exceed $500,000."
Section 2. Effective date. [This act] is effective July 1, 2007.
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