Montana § 20-9-622 Guarantee Account

Montana Statutes

§ 20-9-622 — Guarantee Account

Montana § 20-9-622

Title 20EDUCATION

Ch. 9FINANCE

Part 6Public School Fund and Grants to Schools

This text of Montana § 20-9-622 (Guarantee Account) 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. § 20-9-622 (2026).

Text

20-9-622 . Guarantee account.

(1)There is a guarantee account in the state special revenue fund. The guarantee account is intended to:

(a)stabilize the long-term growth of the permanent fund; and

(b)maintain a constant and increasing distributable revenue stream. All realized capital gains and all distributable revenue must be deposited in the guarantee account. The guarantee account is statutorily appropriated, as provided in 17-7-502 , for distribution to school districts as the first source of funding for state equalization aid as provided in 20-9-343 .

(2)Any excess interest and income revenue, as defined in 20-9-342 , that is deposited in the guarantee account for distribution under this section must be transferred to the school facility and technology account provided for in 20-9

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20-9-622 . Guarantee account. (1) There is a guarantee account in the state special revenue fund. The guarantee account is intended to:
(a) stabilize the long-term growth of the permanent fund; and
(b) maintain a constant and increasing distributable revenue stream. All realized capital gains and all distributable revenue must be deposited in the guarantee account. The guarantee account is statutorily appropriated, as provided in 17-7-502 , for distribution to school districts as the first source of funding for state equalization aid as provided in 20-9-343 .
(2) Any excess interest and income revenue, as defined in 20-9-342 , that is deposited in the guarantee account for distribution under this section must be transferred to the school facility and technology account provided for in 20-9-516 .

Legislative History

En. Sec. 3, Ch. 418, L. 2001; amd. Sec. 9(2), Ch. 554, L. 2001; amd. Sec. 4, Ch. 10, Sp. L. August 2002; amd. Sec. 1, Ch. 291, L. 2003; amd. Sec. 20, Ch. 1, Sp. L. May 2007; amd. Sec. 17, Ch. 377, L. 2009; amd. Sec. 6, Ch. 17, L. 2013; amd. Sec. 32, Ch. 400, L. 2013; amd. Secs. 13, 23, Ch. 336, L. 2017; amd. Sec. 7, Ch. 772, L. 2023; amd. Sec. 9, Ch. 687, L. 2025.