Montana Statutes
§ 80-7-1016 — Invasive Species Trust Fund
80-7-1016 . Invasive species trust fund.
(1)There is an invasive species trust fund. The board of investments shall invest the money of the fund, and the investment income must be deposited in the fund.
(2)The principal of the invasive species trust fund shall forever remain inviolate in an amount of $100 million unless appropriated by a vote of three-fourths of the members of each house of the legislature.
(3)Except as provided in 80-7-1013 and subsection (2) of this section, money deposited in the invasive species trust fund may not be appropriated until the principal reaches $100 million.
(4)By August 15 of each fiscal year, the principal of the invasive species trust fund in excess of $100 million and the interest and income generated from the trust fund, excluding unrealized gains
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Legislative History
En. Sec. 1, Ch. 289, L. 2015; amd. Sec. 10, Ch. 387, L. 2017; amd. Sec. 3, Ch. 119, L. 2023.
Nearby Sections
15
§ 80-7-1001
Short Title§ 80-7-1002
Legislative Findings And Purpose§ 80-7-1003
Definitions§ 80-7-1004
Invasive Species Account§ 80-7-1006
Departmental Responsibilities -- Reporting§ 80-7-1007
Rulemaking Authority§ 80-7-1009
Arrangements With Landowners§ 80-7-101
Repealed§ 80-7-1011
Check Stations§ 80-7-1013
Emergency Response§ 80-7-1014
Penalty