(A) Registration required. When any warrant drawn upon the treasury of the city is presented for payment and is not paid for want of funds, the Clerk shall comply with the provisions of MCA 7-6-4501 et seq. (2015) or the provisions of this section.
(1992 Code, § 4-1-101)
(B) Interfund loan conditions. The Clerk may, in the circumstances described in division (A) of this section, loan funds from one city account to another at the rate of 7% per annum; provided that:
(1) Such loan be repaid in full with interest as above on or before June 30 next following the date of the loan; and
(2) Such loan will not prevent the payment of budgeted warrants by the funds loaned from.
(1992 Code, § 4-1-102)