Montana § 80-11-518 Account Established -- Sources -- Use -- Expenditures

Montana Statutes

§ 80-11-518 — Account Established -- Sources -- Use -- Expenditures

Montana·Title 80 AGRICULTURE·Ch. 11 MARKETING·Part 5 Agricultural Commodity Research and Market Development

80-11-518 . Account established -- sources -- use -- expenditures.

(1)There is an account in the state special revenue fund into which must be placed:

(a)the proceeds of all commodity assessments and penalties collected under this part; and

(b)the proceeds from all gifts, grants, and donations to the department for commodity research and market development received under 80-11-517 .

(2)Funds deposited in the account for a specific commodity research and market development program may be expended only for the purposes of that program.

(3)Money deposited in the account is statutorily appropriated, as provided in 17-7-502 , to the department for purposes of this part.

(4)The department may direct the board of investments to invest funds from the account pursuant to the provisions of the

Free access — add to your briefcase to read the full text and ask questions with AI

80-11-518 . Account established -- sources -- use -- expenditures. (1) There is an account in the state special revenue fund into which must be placed:
(a) the proceeds of all commodity assessments and penalties collected under this part; and
(b) the proceeds from all gifts, grants, and donations to the department for commodity research and market development received under 80-11-517 .
(2) Funds deposited in the account for a specific commodity research and market development program may be expended only for the purposes of that program.
(3) Money deposited in the account is statutorily appropriated, as provided in 17-7-502 , to the department for purposes of this part.
(4) The department may direct the board of investments to invest funds from the account pursuant to the provisions of the unified investment program for state funds. Income from the investments must be credited to the account.
(5) The department may assess costs for the services that it provides to each commodity research and market development program. However, the costs assessed must be commensurate to the cost of the services provided.

Montana § 80-11-518 (Account Established -- Sources -- Use -- Expenditures) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.