Montana § 20-9-635 Natural Resource Development K-12 School Facilities Payment

Montana Statutes

§ 20-9-635 — Natural Resource Development K-12 School Facilities Payment

Montana § 20-9-635

Title 20EDUCATION

Ch. 9FINANCE

Part 6Public School Fund and Grants to Schools

This text of Montana § 20-9-635 (Natural Resource Development K-12 School Facilities Payment) 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. § 20-9-635 (2026).

Text

20-9-635 . Natural resource development K-12 school facilities payment.

(1)The natural resource development K-12 school facilities payment replaces the former natural resource development K-12 funding payment as a means to provide local property tax relief by supporting school district facility needs.

(2)The legislature intends the natural resource development K-12 school facilities payment to be a general fund appropriation to support school major maintenance aid pursuant to 20-9-525 and debt service assistance pursuant to 20-9-371 that is calculated as the greater of:

(a)$10 million increased by an inflationary adjustment calculated as provided in 20-9-326 applied in fiscal year 2024 and in each succeeding fiscal year; or

(b)5% of the oil and natural gas production taxes deposited in

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20-9-635 . Natural resource development K-12 school facilities payment. (1) The natural resource development K-12 school facilities payment replaces the former natural resource development K-12 funding payment as a means to provide local property tax relief by supporting school district facility needs.
(2) The legislature intends the natural resource development K-12 school facilities payment to be a general fund appropriation to support school major maintenance aid pursuant to 20-9-525 and debt service assistance pursuant to 20-9-371 that is calculated as the greater of:
(a) $10 million increased by an inflationary adjustment calculated as provided in 20-9-326 applied in fiscal year 2024 and in each succeeding fiscal year; or
(b) 5% of the oil and natural gas production taxes deposited in the general fund pursuant to 15-36-331 (4) for the fiscal year occurring 2 fiscal years prior to the fiscal year of the payment.

Legislative History

En. Sec. 18, Ch. 336, L. 2017; amd. Sec. 24, Ch. 336, L. 2017; amd. Sec. 27, Ch. 429, L. 2017; amd. Sec. 2, Ch. 24, L. 2019; amd. Sec. 10, Ch. 687, L. 2025.