Montana § 15-1-120 Policy And Purpose

Montana Statutes

§ 15-1-120 — Policy And Purpose

Montana·Title 15 TAXATION·Ch. 1 TAX ADMINISTRATION·Part 1 General Provisions

15-1-120 . Policy and purpose.

(1)The purpose of Chapter 574, Laws of 2001, is to establish a financial partnership between state and local governments.

(2)This partnership is founded on trust and is committed to protecting and promoting the financial interests of cities, towns, counties, local schools, special districts, and state government.

(3)Local governments agree to relinquish dedicated revenue in exchange for an entitlement share of the state general fund based on a formula that responds to the performance of the Montana economy.

(4)The legislature agrees to fund the entitlement share in accordance with the provisions of 15-1-121 .

Free access — add to your briefcase to read the full text and ask questions with AI

15-1-120 . Policy and purpose. (1) The purpose of Chapter 574, Laws of 2001, is to establish a financial partnership between state and local governments.
(2) This partnership is founded on trust and is committed to protecting and promoting the financial interests of cities, towns, counties, local schools, special districts, and state government.
(3) Local governments agree to relinquish dedicated revenue in exchange for an entitlement share of the state general fund based on a formula that responds to the performance of the Montana economy.
(4) The legislature agrees to fund the entitlement share in accordance with the provisions of 15-1-121 .

Montana § 15-1-120 (Policy And Purpose) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.