Montana § 20-26-606 Public And Private Sources Of Funding -- Restrictions On Use -- Accounting

Montana Statutes

§ 20-26-606 — Public And Private Sources Of Funding -- Restrictions On Use -- Accounting

Montana § 20-26-606

Title 20EDUCATION

Ch. 26STUDENT FINANCIAL ASSISTANCE

Part 6Scholarship Programs

This text of Montana § 20-26-606 (Public And Private Sources Of Funding -- Restrictions On Use -- Accounting) 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. § 20-26-606 (2026).

Text

20-26-606 . Public and private sources of funding -- restrictions on use -- accounting.

(1)The board may accept donations from public or private sources for the Montana STEM scholarship program and shall distribute those funds in accordance with this part.

(2)Scholarship awards are determined solely by the board or an entity designated by the board pursuant to board policy adopted under 20-26-614 .

(3)Funds from public sources may not be used to pay for scholarships for students enrolled in Montana private colleges.

(4)Funds from private sources must be deposited into the Montana STEM scholarship program account in the state special revenue fund established in 20-26-617 to pay for scholarships for students enrolled in postsecondary institutions.

(5)Each postsecondary institution that

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20-26-606 . Public and private sources of funding -- restrictions on use -- accounting. (1) The board may accept donations from public or private sources for the Montana STEM scholarship program and shall distribute those funds in accordance with this part.
(2) Scholarship awards are determined solely by the board or an entity designated by the board pursuant to board policy adopted under 20-26-614 .
(3) Funds from public sources may not be used to pay for scholarships for students enrolled in Montana private colleges.
(4) Funds from private sources must be deposited into the Montana STEM scholarship program account in the state special revenue fund established in 20-26-617 to pay for scholarships for students enrolled in postsecondary institutions.
(5) Each postsecondary institution that receives scholarship payments shall prepare and submit to the board, in accordance with procedures and policies established by the board, a report of the postsecondary institution's administration of the scholarships and a complete accounting of scholarship funds.
(6) Funds from a scholarship may not be used to pay for remedial or college-preparatory course work.
(7) Except for funds donated from private sources, the obligation for funding the Montana STEM scholarship program is an obligation of the state. This section may not be construed to require the board to provide scholarships to an eligible student without an appropriation to the board for the purposes of the Montana STEM scholarship program. Funds from private sources may not be used as an offset to general fund appropriations.