Montana § 37-50-209 Enterprise Fund

Montana Statutes

§ 37-50-209 — Enterprise Fund

Montana § 37-50-209

Title 37PROFESSIONS AND OCCUPATIONS

Ch. 50PUBLIC ACCOUNTANTS

Part 2Board of Public Accountants

This text of Montana § 37-50-209 (Enterprise Fund) 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. § 37-50-209 (2026).

Text

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

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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 fund may not include money taken from the general fund.