Montana § 20-9-515 Litigation Reserve Fund

Montana Statutes

§ 20-9-515 — Litigation Reserve Fund

Montana § 20-9-515

Title 20EDUCATION

Ch. 9FINANCE

Part 5Special Purpose Funds

This text of Montana § 20-9-515 (Litigation 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. § 20-9-515 (2026).

Text

20-9-515 . (Temporary) Litigation reserve fund.

(1)The trustees of a school district may establish a litigation reserve fund only when litigation that is pending against the district could result in an award against the district.

(2)At the end of each school fiscal year, the trustees of a district may transfer money from the general fund, within the adopted budget, to establish the fund.

(3)Upon conclusion of litigation, the balance of the money in the fund reverts to the general fund and must be used to reduce the district's general fund BASE budget levy requirement computed pursuant to 20-9-141 .

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20-9-515 . (Temporary) Litigation reserve fund. (1) The trustees of a school district may establish a litigation reserve fund only when litigation that is pending against the district could result in an award against the district.
(2) At the end of each school fiscal year, the trustees of a district may transfer money from the general fund, within the adopted budget, to establish the fund.
(3) Upon conclusion of litigation, the balance of the money in the fund reverts to the general fund and must be used to reduce the district's general fund BASE budget levy requirement computed pursuant to 20-9-141 .