Montana § 17-1-403 Reinvestment Of Growth And Opportunity Trust

Montana Statutes

§ 17-1-403 — Reinvestment Of Growth And Opportunity Trust

Montana § 17-1-403

Title 17STATE FINANCE

Ch. 1GENERAL ADMINISTRATION

Part 4Montana Growth and Opportunity Trust

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Bluebook

Mont. Code Ann. § 17-1-403 (2026).

Text

17-1-403 . Reinvestment of growth and opportunity trust. Transfers into the reinvestment portion of the Montana growth and opportunity trust established in 17-1-401 are allocated as follows:

(1)80% to the pension fund provided for in 17-7-135 until the balance in the fund equals $1 billion; and

(2)20% to a Montana housing trust provided for in 90-6-150 until the balance in the Montana housing trust equals $500 million.

(3)Any remaining transfer amount must remain in the reinvestment portion of the trust and is not allocated to any purpose.

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17-1-403 . Reinvestment of growth and opportunity trust. Transfers into the reinvestment portion of the Montana growth and opportunity trust established in 17-1-401 are allocated as follows:
(1) 80% to the pension fund provided for in 17-7-135 until the balance in the fund equals $1 billion; and
(2) 20% to a Montana housing trust provided for in 90-6-150 until the balance in the Montana housing trust equals $500 million.
(3) Any remaining transfer amount must remain in the reinvestment portion of the trust and is not allocated to any purpose.