Mont. Code Ann. § 77-1-220
This is the official text of Mont. Code Ann. § 77-1-220, 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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77-1-220 Offsetting purchases -- proceeds -- records
Official statutory text
77-1-220 . Offsetting purchases -- proceeds -- records. (1) To the extent practical and consistent with the board's powers and duties pursuant to 77-1-202 , the board shall offset purchases made pursuant to 77-1-218 , 77-1-219 , and 77-1-229 by selling an equal amount of land.
(2) Proceeds received from offsetting sales may not be used for:
(a) purchasing additional lands; or
(b) the land banking process under 77-2-361 through 77-2-367 .
(3) A separate record of the proceeds received from each sale of land must be maintained.
(2) Proceeds received from offsetting sales may not be used for:
(a) purchasing additional lands; or
(b) the land banking process under 77-2-361 through 77-2-367 .
(3) A separate record of the proceeds received from each sale of land must be maintained.
Status: in_force · Read it on the official government site
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