Montana § 77-1-220 Offsetting Purchases -- Proceeds -- Records

Montana Statutes

§ 77-1-220 — Offsetting Purchases -- Proceeds -- Records

Montana·Title 77 STATE LANDS·Ch. 1 ADMINISTRATION OF STATE LANDS·Part 2 Board of Land Commissioners

77-1-220 . Offsetting purchases -- proceeds -- records.

(1)To the extent practical and consistent with the board's powers and duties pursuant to 77-1-202 , the board shall offset purchases made pursuant to 77-1-218 , 77-1-219 , and 77-1-229 by selling an equal amount of land.

(2)Proceeds received from offsetting sales may not be used for:

(a)purchasing additional lands; or

(b)the land banking process under 77-2-361 through 77-2-367 .

(3)A separate record of the proceeds received from each sale of land must be maintained.

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77-1-220 . Offsetting purchases -- proceeds -- records. (1) To the extent practical and consistent with the board's powers and duties pursuant to 77-1-202 , the board shall offset purchases made pursuant to 77-1-218 , 77-1-219 , and 77-1-229 by selling an equal amount of land.
(2) Proceeds received from offsetting sales may not be used for:
(a) purchasing additional lands; or
(b) the land banking process under 77-2-361 through 77-2-367 .
(3) A separate record of the proceeds received from each sale of land must be maintained.

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