7-12-4249. Meaning of term deficiency. A deficiency shall exist in any district fund whenever principal and interest is due and there is no money in the fund to pay the same. History: En. Sec. 5, Ch. 260, L. 1947; R.C.M. 1947, 11-2278(part).
Montana Legal Code
§ 7-12-4249
Source: https://mca.legmt.gov/bills/mca/title_0070/chapter_0120/part_0420/section_0490/0070-0120-0420-0490.html· Version 2025