§ 16-12-111 — Marijuana State Special Revenue Account -- Operating Reserve -- Transfer Of Excess Funds

Montana § 16-12-111

• Jurisdiction: Montana
• Title 16: ALCOHOL, TOBACCO, AND MARIJUANA
• Ch. 12: MARIJUANA REGULATION AND TAXATION
• Part 1: General Provisions

Text

16-12-111 . Marijuana state special revenue account -- operating reserve -- transfer of excess funds. (1) There is a dedicated marijuana state special revenue account within the state special revenue fund established in 17-2-102 , to be administered by the department.
(2) The account consists of:
(a) money deposited into the account pursuant to this chapter;
(b) the taxes collected pursuant to Title 15, chapter 64, part 1;
(c) license and registered cardholder fees deposited into the account pursuant to this chapter;
(d) taxes deposited into the account pursuant to 16-12-310 ; and
(e) civil penalties collected under this chapter.
(3) Except as provided in subsection (4), money in the account must be used by the department for the purpose of administering the provisions of this chapter.
(4) At the end of each fiscal year, the department shall transfer funds in excess of a 3-month operating reserve necessary to fund operating costs at the beginning of the next fiscal year in the following order:
(a) 11% must be transferred to the healing and ending addiction through recovery and treatment (HEART) account established in 16-12-122 ;
(b) the net balance remaining after distribution to the HEART account must be distributed as follows:
(i) 20% to the habitat legacy account provided for in 87-5-811 ;
(ii) 4% to the state park account established in 23-1-105 (1);
(iii) 4% to the trails and recreational facilities account established in 23-2-108 ;
(iv) 4% to the nongame wildlife account established in 87-5-121 ;
(v) 3% or $200,000, whichever is less, to the veterans and surviving spouses state special revenue account provided for in 10-2-108 ;
(vi) $150,000 to the board of crime control to fund crisis intervention team training as provided in 44-7-110 ; and
(vii) the remainder to the general fund.

Legislative History

En. Sec. 35, I.M. No. 190, approved Nov. 3, 2020; amd. Sec. 46, Ch. 576, L. 2021; amd. Sec. 5, Ch. 758, L. 2025.