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)
New language in a bill appears underlined, deleted material appears stricken.
Sponsor names are handwritten on introduced bills, hence do not appear on the bill until it is reprinted. See the status of the bill for the bill's primary sponsor.
Status of this Bill | 1999 Session | Leg. Branch Home
This bill in WP 5.1 | All versions of all bills in WP 5.1
Prepared by Montana Legislative Services
(406)444-3064