Montana § 60-11-123 Disposition Of Revenue From State-Owned Railroads -- Use Of Money

Montana Statutes

§ 60-11-123 — Disposition Of Revenue From State-Owned Railroads -- Use Of Money

Montana·Title 60 HIGHWAYS AND TRANSPORTATION·Ch. 11 RAIL TRANSPORTATION·Part 1 General Provisions

60-11-123 . Disposition of revenue from state-owned railroads -- use of money.

(1)Unless otherwise required by law, revenue from the lease or sale of assets of or revenue paid to the state of Montana by an operator of a railroad owned by the state of Montana must be deposited in the state general fund.

(2)The department of transportation is authorized to administer, as provided in 60-11-120 through 60-11-123 , funding available to provide for improvement of railroad tracks and associated facilities of any state-owned railroad in Montana and to provide loans and grants to railroad lines and intermodal transportation facilities as provided in 60-11-120 .

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60-11-123 . Disposition of revenue from state-owned railroads -- use of money. (1) Unless otherwise required by law, revenue from the lease or sale of assets of or revenue paid to the state of Montana by an operator of a railroad owned by the state of Montana must be deposited in the state general fund.
(2) The department of transportation is authorized to administer, as provided in 60-11-120 through 60-11-123 , funding available to provide for improvement of railroad tracks and associated facilities of any state-owned railroad in Montana and to provide loans and grants to railroad lines and intermodal transportation facilities as provided in 60-11-120 .

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