Montana Statutes
§ 37-50-209 — Enterprise Fund
Montana·Title 37 PROFESSIONS AND OCCUPATIONS·Ch. 50 PUBLIC ACCOUNTANTS·Part 2 Board of Public Accountants
37-50-209 . Enterprise fund.
(1)There is an enterprise fund, as described in 17-2-102 , established for the use of the board. The money in the fund is statutorily appropriated as provided in 17-7-502 .
(2)All licensing fees, other money collected by the department on behalf of the board, and all interest or earnings on money deposited in the enterprise fund must be deposited in or credited to the fund.
(3)Money in the enterprise fund must be invested by the board of investments pursuant to the provisions of the unified investment program for state funds.
(4)The enterprise fund must retain a cash reserve balance of at least 15% of the average of the last 3 years of revenue as needed for operation of the board and measured on completion of the license renewal cycle.
(5)The enterprise fu
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 37-50-209 (Enterprise Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 1, Ch. 427, L. 2015.
Nearby Sections
15
§ 37-50-101
Definitions§ 37-50-102
Exemptions§ 37-50-201
General Rulemaking Power§ 37-50-202
Compensation Of Members -- Expenses§ 37-50-203
Rules Of Board§ 37-50-204
Rulemaking Powers Relating To Examinations§ 37-50-205
Duties Of Department§ 37-50-206
Through 37-50-208 Reserved§ 37-50-209
Enterprise Fund§ 37-50-210
Repealed§ 37-50-301
Illegal Use Of Title§ 37-50-303
Repealed§ 37-50-304
Repealed§ 37-50-305
Education Requirements -- Definition