Montana Statutes
§ 77-4-127 — Disposition Of Royalties And Other Receipts
77-4-127 . Disposition of royalties and other receipts.
(1)The department shall credit fees collected under geothermal leases to the general fund.
(2)All rentals, penalties, and bonuses shall be credited to the income fund of the grant to which the lands under each lease belong.
(3)All moneys collected as royalties shall be credited to the permanent fund arising from the grant to which the land under each particular lease belongs.
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Legislative History
En. 81-2610 by Sec. 10, Ch. 111, L. 1974; R.C.M. 1947, 81-2610.
Nearby Sections
15
§ 77-4-101
Geothermal Leases Authorized§ 77-4-102
Definitions§ 77-4-103
Rules§ 77-4-104
Nature Of Geothermal Resources§ 77-4-105
State Retention Of Geothermal Resources§ 77-4-106
Bonding Requirements§ 77-4-107
Compensation To Surface Lessee§ 77-4-109
Conflicting Leases§ 77-4-110
Through 77-4-120 Reserved§ 77-4-121
Provisions Of The Lease§ 77-4-122
Duration Of Lease§ 77-4-123
Extension Of Lease§ 77-4-124
Operating Agreements§ 77-4-125
Pooling Agreements And Unit Operations