Montana § 20-9-620 Definition

Montana Statutes

§ 20-9-620 — Definition

Montana § 20-9-620

Title 20EDUCATION

Ch. 9FINANCE

Part 6Public School Fund and Grants to Schools

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Bluebook

Mont. Code Ann. § 20-9-620 (2026).

Text

20-9-620 . Definition.

(1)As used in 20-9-621 , 20-9-622 , and this section, "distributable revenue" means, except for that portion of revenue described in 20-9-516 (2)(a) and 77-1-109 , 95% of all revenue from the management of school trust lands and the permanent fund, including timber sale proceeds, lease fees, interest, dividends, and net realized capital gains.

(2)The term does not include mineral royalties or land sale proceeds that are deposited directly in the permanent fund or net unrealized capital gains that remain in the permanent fund until realized.

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20-9-620 . Definition. (1) As used in 20-9-621 , 20-9-622 , and this section, "distributable revenue" means, except for that portion of revenue described in 20-9-516 (2)(a) and 77-1-109 , 95% of all revenue from the management of school trust lands and the permanent fund, including timber sale proceeds, lease fees, interest, dividends, and net realized capital gains.
(2) The term does not include mineral royalties or land sale proceeds that are deposited directly in the permanent fund or net unrealized capital gains that remain in the permanent fund until realized.

Legislative History

En. Sec. 1, Ch. 418, L. 2001; amd. Sec. 9(1), Ch. 554, L. 2001; amd. Sec. 3, Ch. 3, Sp. L. August 2002; amd. Sec. 16, Ch. 377, L. 2009; amd. Sec. 5, Ch. 465, L. 2009.