Montana § 15-38-302 Natural Resources Projects State Special Revenue Account Created -- Revenue Allocated -- Limitations On Appropriations From Account

Montana Statutes

§ 15-38-302 — Natural Resources Projects State Special Revenue Account Created -- Revenue Allocated -- Limitations On Appropriations From Account

Montana § 15-38-302

Title 15TAXATION

Ch. 38RESOURCE INDEMNITY TRUST AND GROUND WATER ASSESSMENT

Part 3Natural Resources Accounts

This text of Montana § 15-38-302 (Natural Resources Projects State Special Revenue Account Created -- Revenue Allocated -- Limitations On Appropriations From Account) 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. § 15-38-302 (2026).

Text

15-38-302 . Natural resources projects state special revenue account created -- revenue allocated -- limitations on appropriations from account.

(1)There is a natural resources projects state special revenue account within the state special revenue fund established in 17-2-102 .

(2)There must be paid into the natural resources projects state special revenue:

(a)the interest income of the resource indemnity trust fund under the provisions of 15-38-202 ;

(b)the resource indemnity and ground water assessment tax under the provisions of 15-38-106 ;

(c)the oil and natural gas production tax as provided in 15-36-331 ;

(d)the excess of the coal severance tax proceeds allocated by 85-1-603 to the renewable resource loan debt service fund above debt service requirements as provided in and sub

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15-38-302 . Natural resources projects state special revenue account created -- revenue allocated -- limitations on appropriations from account. (1) There is a natural resources projects state special revenue account within the state special revenue fund established in 17-2-102 .
(2) There must be paid into the natural resources projects state special revenue:
(a) the interest income of the resource indemnity trust fund under the provisions of 15-38-202 ;
(b) the resource indemnity and ground water assessment tax under the provisions of 15-38-106 ;
(c) the oil and natural gas production tax as provided in 15-36-331 ;
(d) the excess of the coal severance tax proceeds allocated by 85-1-603 to the renewable resource loan debt service fund above debt service requirements as provided in and subject to the conditions of 85-1-619 ; and
(e) 10% of the interest earned from the Montana water development state special revenue account established in 85-1-320 to be used for water storage pilot projects and dam inspections required under 85-15-213 .
(3) Appropriations may be made from the natural resources projects state special revenue account for grants and loans for designated projects and the activities authorized in 85-1-602 and 90-2-1102 .
(4) The account retains its own interest.