Montana Statutes
§ 77-1-132 — Earnings Reserve Account
77-1-132 . Earnings reserve account.
(1)There is an earnings reserve account in the state special revenue fund.
(2)Funds are deposited in the earnings reserve account in accordance with the provisions of 77-1-108 (4)(a) and must be accounted for by trust.
(3)The balance of this account may not exceed two times the appropriation to the trust land administration account for the last completed fiscal year prior to the legislative session that will appropriate money for the next biennium.
(4)The earnings reserve account must be invested. Any interest earned must be deposited in the earnings reserve account in proportionate share to each fund's contribution to the account.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 77-1-132 (Earnings Reserve Account) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 23, Ch. 465, L. 2009.
Nearby Sections
15
§ 77-1-1001
Inventories And Assessments§ 77-1-1002
Planning Of Lease Actions§ 77-1-101
Definitions§ 77-1-103
Administration Of Lands§ 77-1-104
Survey Of Lands§ 77-1-105
Determining Title§ 77-1-106
Setting Of Rates Or Fees -- Rules§ 77-1-110
Written Undertaking Required In Legal Action For Challenge To Use Or Disposition Of State Lands§ 77-1-1101
Void§ 77-1-1102
Void§ 77-1-1103
Void