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·Title 20 EDUCATION·Ch. 9 FINANCE·Part 6 Public School Fund and Grants to Schools

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.

Montana § 20-9-635 (Natural Resource Development K-12 School Facilities Payment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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.