Montana § 15-38-102 Legislative Policy

Montana Statutes

§ 15-38-102 — Legislative Policy

Montana·Title 15 TAXATION·Ch. 38 RESOURCE INDEMNITY TRUST AND GROUND WATER ASSESSMENT·Part 1 General Provisions

15-38-102 . Legislative policy. It is the policy of the state of Montana to indemnify its citizens for the loss of long-term value resulting from the depletion of its mineral resource base and for environmental damage caused by mineral development. This policy of indemnification is achieved by establishing a permanent resource indemnity trust, as required by Article IX, section 2, of the Montana constitution, by supporting ground water assessment programs from the proceeds of a tax levied on mineral extraction, and by allocating spendable revenues:

(1)to protect and restore the environment from damages resulting from mineral development;

(2)to support a variety of development programs that benefit the economy of the state and the lives of Montana citizens; and

(3)to assess the state's g

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15-38-102 . Legislative policy. It is the policy of the state of Montana to indemnify its citizens for the loss of long-term value resulting from the depletion of its mineral resource base and for environmental damage caused by mineral development. This policy of indemnification is achieved by establishing a permanent resource indemnity trust, as required by Article IX, section 2, of the Montana constitution, by supporting ground water assessment programs from the proceeds of a tax levied on mineral extraction, and by allocating spendable revenues:
(1) to protect and restore the environment from damages resulting from mineral development;
(2) to support a variety of development programs that benefit the economy of the state and the lives of Montana citizens; and
(3) to assess the state's ground water resources.

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