Montana Code 76-1-408. Acceptance and administration of gifts and donations
76-1-408. Acceptance and administration of gifts and donations. (1) A city, county, or city-county planning board organized pursuant to the provisions of this chapter is hereby empowered and given the right to:
Terms Used In Montana Code 76-1-408
- Bequest: Property gifted by will.
- City: includes incorporated cities and towns. See Montana Code 76-1-103
- Devise: To gift property by will.
- Donor: The person who makes a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Planning board: means a city planning board, a county planning board, or a joint city-county planning board. See Montana Code 76-1-103
- Property: means real and personal property. See Montana Code 1-1-205
(a)accept, receive, take, hold, own, and possess any gift, donation, grant, devise, or bequest or any property (real, personal, or mixed) or any improved or unimproved park or playground; and
(b)utilize, hold, or dispose of the same for planning purposes not inconsistent with the provisions of this chapter.
(2)Any money so accepted shall be deposited with the city or county in a special nonreverting planning board fund to be available for expenditures by the planning board for the purpose designated by the donor. The disbursing officer of a city or county shall draw warrants against such special nonreverting fund only upon vouchers signed by the president and secretary of the planning board.