Montana § 5-11-120 Legislative Branch Retirement Termination Reserve Account

Montana Statutes

§ 5-11-120 — Legislative Branch Retirement Termination Reserve Account

Montana § 5-11-120

Title 5LEGISLATIVE BRANCH

Ch. 11LEGISLATIVE COUNCIL AND PUBLICATION OF LAWS

Part 1Composition -- Powers and Duties -- Personnel

This text of Montana § 5-11-120 (Legislative Branch Retirement Termination Reserve 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. § 5-11-120 (2026).

Text

5-11-120 . Legislative branch retirement termination reserve account.

(1)There is a legislative branch retirement termination reserve account in the state special revenue fund. Money may be deposited in the account through an allocation of money to the account or as provided in 17-7-304 .

(2)(a) The money in the account is statutorily appropriated, as provided in 17-7-502 , to the legislative services division to be used only for staff retirement termination pay in the legislative branch.

(b)The money in the account may be expended only with the approval of the appropriate branch division director for eligible termination pay expenditures for division staff.

(3)The account is limited to an amount to be calculated at the beginning of each biennium based on an analysis by branch division

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5-11-120 . Legislative branch retirement termination reserve account. (1) There is a legislative branch retirement termination reserve account in the state special revenue fund. Money may be deposited in the account through an allocation of money to the account or as provided in 17-7-304 .
(2) (a) The money in the account is statutorily appropriated, as provided in 17-7-502 , to the legislative services division to be used only for staff retirement termination pay in the legislative branch.
(b) The money in the account may be expended only with the approval of the appropriate branch division director for eligible termination pay expenditures for division staff.
(3) The account is limited to an amount to be calculated at the beginning of each biennium based on an analysis by branch division directors of the staff eligible for retirement within the biennium. For the 2009 biennium, the limit is set at $400,000.
(4) The money in the account must be invested pursuant to Title 17, chapter 6. The income and earnings on the account must be deposited in the account.