Montana Statutes
§ 20-9-231 — Metal Mines Tax Reserve Fund
Montana § 20-9-231
This text of Montana § 20-9-231 (Metal Mines Tax Reserve 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. § 20-9-231 (2026).
Text
20-9-231 . Metal mines tax reserve fund.
(1)The governing body of a local school district receiving tax collections under 15-37-117 (1)(e) may establish a metal mines tax reserve fund to be used to hold the collections. The governing body may hold money in the fund for any time period considered appropriate by the governing body. Money held in the fund may not be considered as fund balance for the purpose of reducing mill levies.
(2)Money may be expended from the fund for any purpose provided by law.
(3)Money in the fund must be invested as provided by law. Interest and income from the investment of the metal mines tax reserve fund must be credited to the fund.
(4)The fund must be financially administered as a nonbudgeted fund under the provisions of this title.
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Legislative History
En. Sec. 18, Ch. 672, L. 1989; amd. Sec. 24, Ch. 767, L. 1991; amd. Sec. 7, Ch. 577, L. 1995; amd. Sec. 6, Ch. 144, L. 1999.
Nearby Sections
15
§ 20-9-103
School Budget Form§ 20-9-104
General Fund Operating Reserve§ 20-9-105
Repealed§ 20-9-106
Through 20-9-110 Reserved§ 20-9-111
Repealed§ 20-9-112
Repealed§ 20-9-113
Repealed§ 20-9-114
Repealed§ 20-9-115
Notice Of Final Budget Meeting§ 20-9-117
Through 20-9-120 ReservedCite This Page — Counsel Stack
Bluebook (online)
Montana § 20-9-231, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/9/20-9-231.