Montana § 85-1-631 Water Storage State Special Revenue Account Created -- Revenues Allocated -- Appropriations From Account

Montana Statutes

§ 85-1-631 — Water Storage State Special Revenue Account Created -- Revenues Allocated -- Appropriations From Account

Montana § 85-1-631

Title 85WATER USE

Ch. 1WATER RESOURCES

Part 6Renewable Resource Grant and Loan Program

This text of Montana § 85-1-631 (Water Storage State Special Revenue Account Created -- Revenues Allocated -- Appropriations From Account) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 85-1-631 (2026).

Text

85-1-631 . Water storage state special revenue account created -- revenues allocated -- appropriations from account.

(1)There is a water storage state special revenue account within the state special revenue fund established in 17-2-102 .

(2)There must be paid into the water storage state special revenue account:

(a)for the biennium beginning July 1, 2007, the proceeds of the resource indemnity and ground water assessment tax as provided in 15-38-106 ;

(b)money allocated from the resource indemnity trust fund interest earnings pursuant to 15-38-202 and all revenue of the works and other money as provided in 85-1-332 ; and

(c)90% of the interest earned from the Montana water development state special revenue account established in 85-1-320 .

(3)All revenue provided from 85-1-332 (1)(e

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85-1-631 . Water storage state special revenue account created -- revenues allocated -- appropriations from account. (1) There is a water storage state special revenue account within the state special revenue fund established in 17-2-102 .
(2) There must be paid into the water storage state special revenue account:
(a) for the biennium beginning July 1, 2007, the proceeds of the resource indemnity and ground water assessment tax as provided in 15-38-106 ;
(b) money allocated from the resource indemnity trust fund interest earnings pursuant to 15-38-202 and all revenue of the works and other money as provided in 85-1-332 ; and
(c) 90% of the interest earned from the Montana water development state special revenue account established in 85-1-320 .
(3) All revenue provided from 85-1-332 (1)(e) and (1)(f) deposited in the water storage state special revenue account must be appropriated solely for the construction, operation, rehabilitation, expansion, maintenance, and modification of state-owned water storage projects.
(4) Money that was not encumbered or expended from the water storage state special revenue account during the previous biennium must remain in the account.
(5) Deposits to the water storage state special revenue account must be placed in short-term investments and accrue interest, which must be deposited in the water storage state special revenue account.
(6) The purpose of the water storage state special revenue account is to provide money exclusively for construction, operation, rehabilitation, expansion, maintenance, and modification of state-owned water storage projects.

Legislative History

En. Sec. 8, Ch. 659, L. 1991; amd. Sec. 30, Ch. 478, L. 1993; amd. Sec. 9, Ch. 144, L. 1999; amd. Sec. 22, Ch. 432, L. 2007; amd. Sec. 31, Ch. 775, L. 2025.