Montana Statutes
§ 20-9-514 — Impact Aid Fund
20-9-514 . Impact aid fund.
(1)The trustees of a district that receives federal funds under the provisions of impact aid, as provided in 20 U.S.C. 7701, et seq., shall establish an impact aid fund. Money received under the provisions of 20 U.S.C. 7701, et seq., must be deposited with the county treasurer to the credit of the impact aid fund.
(2)The expenditure of money from the impact aid fund must be made pursuant to 20 U.S.C. 7701, et seq. The impact aid fund must be administered pursuant to the financial administration provisions of this title for nonbudgeted funds.
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Related
§ 7701
20 U.S.C. § 7701
Legislative History
En. Sec. 41, Ch. 633, L. 1993; amd. Sec. 28, Ch. 22, L. 1997.
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Repealed§ 20-9-106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Repealed§ 20-9-112
Repealed§ 20-9-113
Repealed§ 20-9-114
Repealed§ 20-9-115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 Reserved