Mont. Code Ann. § 77-1-132
This is the official text of Mont. Code Ann. § 77-1-132, part of Montana’s Code Ann — part of the compiled statutory law of Montana, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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77-1-132 Earnings reserve account
Official statutory text
77-1-132 . Earnings reserve account. (1) There is an earnings reserve account in the state special revenue fund.
(2) Funds are deposited in the earnings reserve account in accordance with the provisions of 77-1-108 (4)(a) and must be accounted for by trust.
(3) The balance of this account may not exceed two times the appropriation to the trust land administration account for the last completed fiscal year prior to the legislative session that will appropriate money for the next biennium.
(4) The earnings reserve account must be invested. Any interest earned must be deposited in the earnings reserve account in proportionate share to each fund's contribution to the account.
(2) Funds are deposited in the earnings reserve account in accordance with the provisions of 77-1-108 (4)(a) and must be accounted for by trust.
(3) The balance of this account may not exceed two times the appropriation to the trust land administration account for the last completed fiscal year prior to the legislative session that will appropriate money for the next biennium.
(4) The earnings reserve account must be invested. Any interest earned must be deposited in the earnings reserve account in proportionate share to each fund's contribution to the account.
Status: in_force · Read it on the official government site
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