Financing the Administration of Montana's Trust Lands : a Review And Analysis of Federal Granting Legislation And Current Financing Methods 2006
Financing the Administration of Montana's Trust Lands : a Review And Analysis of Federal Granting Legislation And Current Financing Methods 2006
Montana Environmental Quality Council
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3, Ch. 14, Sp. L.January 1992; amd. Sec. 113, Ch. 42, L. 1997; amd. Sec. 5, Ch. 122, L. 1999. Trust Land Administration Account Title 77. State Lands Chapter 1. Administration of State Lands Part 1. General Provisions 77-1-108. Trust land administration account. (1) Tliere is a trust land administration account in the state special revenue fund. Money in the account is available to the department by appropriation and must be used to pay the costs of administering state trust lands. (2) Appropri...ations from the account for each fiscal year may not exceed the sum of 1 1/8% of the book value balance in the nine permanent funds administered by the department on the first day of January preceding the new biennium and 10% of the revenue deposited in the capitol building land grant trust fund in the last- completed fiscal year prior to the new biennium. (3) Unreserved funds remaining in the account at the end of a fiscal year must be transferred to each of the permanent funds in proportionate shares to each fund's contribution to the account as calculated in 77-1-109(3).
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