Montana § 17-7-215 Transfer Of Budgeted Utility Funds -- Special Revenue Account -- University Plant Subfunds

Montana Statutes

§ 17-7-215 — Transfer Of Budgeted Utility Funds -- Special Revenue Account -- University Plant Subfunds

Montana·Title 17 STATE FINANCE·Ch. 7 BUDGETING AND APPROPRIATIONS·Part 2 Long-Range Building Program and Budget

17-7-215 . (Temporary) Transfer of budgeted utility funds -- special revenue account -- university plant subfunds.

(1)(a) For each fiscal year, each state agency, other than the university system, participating in the high-performance program for operations and maintenance of existing buildings created in 17-7-214 may transfer to the special revenue account established in subsection (1)(b) 75% of any amount remaining in the budgeted operating expenses for building maintenance. Only state funds may be transferred.

(b)The architecture and engineering division of the department of administration shall establish a special revenue account to receive transfers made pursuant to subsection (1)(a). Money in the account is statutorily appropriated, as provided in 17-7-502 , to the department for t

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17-7-215 . (Temporary) Transfer of budgeted utility funds -- special revenue account -- university plant subfunds. (1) (a) For each fiscal year, each state agency, other than the university system, participating in the high-performance program for operations and maintenance of existing buildings created in 17-7-214 may transfer to the special revenue account established in subsection (1)(b) 75% of any amount remaining in the budgeted operating expenses for building maintenance. Only state funds may be transferred.
(b) The architecture and engineering division of the department of administration shall establish a special revenue account to receive transfers made pursuant to subsection (1)(a). Money in the account is statutorily appropriated, as provided in 17-7-502 , to the department for the purposes of this part. All interest and income earned on money in the account must be deposited into the account.
(c) The division shall administer the special revenue account established in subsection (1)(b) to the credit of each participating agency for the purposes of subsection (3).
(2) The Montana university system may establish a subfund of the plant fund provided for in 17-2-102 (4)(e) to receive the transfer made for each educational unit participating in the program established under 17-7-214 . At the end of each fiscal year, a participating educational unit may transfer to the unit's subfund 75% of the unit's unspent utility funds. All interest and income earned on the money in the subfund must remain in the subfund. The educational unit may use the money in the unit's subfund for the purposes described in subsection (3).
(3) The money in the special revenue account and in any university plant subfunds created pursuant to subsection (2) is designated for the purpose of financing high-performance operations and maintenance and achieving utility cost reductions. (Terminates June 30, 2029--sec. 1, Ch. 408, L. 2019.)

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