Montana § 20-9-343 Definition Of And Revenue For State Equalization Aid

Montana Statutes

§ 20-9-343 — Definition Of And Revenue For State Equalization Aid

Montana § 20-9-343

Title 20EDUCATION

Ch. 9FINANCE

Part 3Funding of Basic System of Quality Public Schools

This text of Montana § 20-9-343 (Definition Of And Revenue For State Equalization Aid) 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. § 20-9-343 (2026).

Text

20-9-343 . Definition of and revenue for state equalization aid.

(1)As used in this title, the term "state equalization aid" means revenue as required in this section for distribution to the public schools for guaranteed tax base aid, BASE aid, and state debt service assistance.

(2)The superintendent of public instruction may spend throughout the biennium funds appropriated for the purposes of guaranteed tax base aid, BASE aid for the BASE funding program, and state debt service assistance.

(3)The following money must be paid into the guarantee account provided for in 20-9-622 for the public schools of the state as indicated:

(a)subject to 20-9-516 (2)(a), interest and income money described in 20-9-341 and 20-9-342 ; and

(b)investment income earned by investing interest and income mo

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20-9-343 . Definition of and revenue for state equalization aid. (1) As used in this title, the term "state equalization aid" means revenue as required in this section for distribution to the public schools for guaranteed tax base aid, BASE aid, and state debt service assistance.
(2) The superintendent of public instruction may spend throughout the biennium funds appropriated for the purposes of guaranteed tax base aid, BASE aid for the BASE funding program, and state debt service assistance.
(3) The following money must be paid into the guarantee account provided for in 20-9-622 for the public schools of the state as indicated:
(a) subject to 20-9-516 (2)(a), interest and income money described in 20-9-341 and 20-9-342 ; and
(b) investment income earned by investing interest and income money described in 20-9-341 and 20-9-342 .

Legislative History

En. 75-6916 by Sec. 266, Ch. 5, L. 1971; amd. Sec. 12, Ch. 137, L. 1973; amd. Sec. 3, Ch. 355, L. 1973; amd. Sec. 12, Ch. 502, L. 1975; amd. Sec. 1, Ch. 356, L. 1977; R.C.M. 1947, 75-6916; amd. Sec. 15, Ch. 634, L. 1979; amd. Sec. 2, Ch. 317, L. 1981; amd. Sec. 1, Ch. 277, L. 1983; amd. Sec. 2, Ch. 20, Sp. L. June 1986; amd. Sec. 70, Ch. 370, L. 1987; amd. Sec. 3, Ch. 662, L. 1987; amd. Sec. 5, Ch. 666, L. 1987; amd. Sec. 37, Ch. 11, Sp. L. June 1989; amd. Sec. 5, Ch. 622, L. 1991; amd. Secs. 1, 3, Ch. 729, L. 1991; amd. Sec. 18, Ch. 787, L. 1991; amd. Sec. 6, Ch. 375, L. 1993; amd. Sec. 8, Ch. 593, L. 1993; amd. Sec. 24, Ch. 633, L. 1993; amd. Sec. 36, Ch. 509, L. 1995; amd. Sec. 4, Ch. 517, L. 1995; amd. Sec. 17, Ch. 237, L. 2001; amd. Sec. 5, Ch. 554, L. 2001; amd. Secs. 3, 5, Ch. 10, Sp. L. August 2002; amd. Sec. 13, Ch. 377, L. 2009; amd. Sec. 4, Ch. 404, L. 2017; amd. Sec. 6, Ch. 371, L. 2021.