Montana § 77-1-216 Disposition Of Revenues And Profits

Montana Statutes

§ 77-1-216 — Disposition Of Revenues And Profits

Montana § 77-1-216

Title 77STATE LANDS

Ch. 1ADMINISTRATION OF STATE LANDS

Part 2Board of Land Commissioners

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Bluebook

Mont. Code Ann. § 77-1-216 (2026).

Text

77-1-216 . Disposition of revenues and profits. All revenues derived from lands acquired under the provisions of 77-1-214 shall be segregated by the state treasurer for the use of the board in the acquisition, management, development, and use of such lands until all obligations incurred have been paid in full. Thereafter, 50% of all net profits accruing from the administration of such lands shall be applicable for such purposes as the legislature may prescribe and 50% shall be paid into the school fund of the county in which lands are located.

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77-1-216 . Disposition of revenues and profits. All revenues derived from lands acquired under the provisions of 77-1-214 shall be segregated by the state treasurer for the use of the board in the acquisition, management, development, and use of such lands until all obligations incurred have been paid in full. Thereafter, 50% of all net profits accruing from the administration of such lands shall be applicable for such purposes as the legislature may prescribe and 50% shall be paid into the school fund of the county in which lands are located.