Montana Code 7-11-226. Consideration of property and debts
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7-11-226. Consideration of property and debts. The commission shall:
Terms Used In Montana Code 7-11-226
- Commission: means an interlocal cooperation commission established pursuant to 7-11-204. See Montana Code 7-11-203
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Property: means real and personal property. See Montana Code 1-1-205
- Unit of local government: means a county, city, or town. See Montana Code 7-11-203
(1)determine the value and amount of all property used in performing any local governmental service and all bonded and other indebtedness of units of local government attributable to the acquisition of such property and affected by its comprehensive program for both urban area services and countywide services; and
(2)determine and provide in its proposed program for assumption or equitable adjustment of such property and debts of each unit of local government affected.