Montana § 80-11-602 Account Established -- Sources -- Use -- Expenditures

Montana Statutes

§ 80-11-602 — Account Established -- Sources -- Use -- Expenditures

Montana·Title 80 AGRICULTURE·Ch. 11 MARKETING·Part 6 Organic Certification

80-11-602 . Account established -- sources -- use -- expenditures.

(1)There is an account in the state special revenue fund. The following must be placed in the account:

(a)the proceeds from all gifts, grants, or donations to the department for development and administration of the state organic certification program authorized under 80-11-601 ; and

(b)the proceeds of assessments, penalties, and other money collected pursuant to a state organic certification program when implemented pursuant to 80-11-601 .

(2)The account must be maintained for the purposes of 80-11-601 and must be separate from all other accounts of the department.

(3)The department may direct the board of investments to invest funds from the account pursuant to the provisions of the unified investment program for sta

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

80-11-602 . Account established -- sources -- use -- expenditures. (1) There is an account in the state special revenue fund. The following must be placed in the account:
(a) the proceeds from all gifts, grants, or donations to the department for development and administration of the state organic certification program authorized under 80-11-601 ; and
(b) the proceeds of assessments, penalties, and other money collected pursuant to a state organic certification program when implemented pursuant to 80-11-601 .
(2) The account must be maintained for the purposes of 80-11-601 and must be separate from all other accounts of the department.
(3) 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. The income from those investments must be credited to the account established in this section.

Montana § 80-11-602 (Account Established -- Sources -- Use -- Expenditures) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.