17-3-240. Federal mineral leasing funds. (1) Except as provided in subsection (2), money paid to the state pursuant to 30 U.S.C. 191 must be deposited in the state general fund.
(2) In fiscal year 2005 and each succeeding fiscal year, 25% of all money received pursuant to subsection (1) must be deposited in the mineral impact account established in 17-3-241 and is dedicated to local governments.
(3) On August 15 following the close of the fiscal year, the state treasurer shall distribute the revenue dedicated in subsection (2). The distribution to the eligible counties must be based on the proportion that the total amount of revenue generated by mineral extraction in an eligible county bears to the total amount of money received by the state.
History: En. Sec. 1, Ch. 594, L. 2001; amd. Sec. 1, Ch. 5, Sp. L. August 2002; amd. Sec. 1, Ch. 568, L. 2005.
Structure Montana Code Annotated
Chapter 3. Federal Revenues and Endowments
Part 2. Distribution of Federal Return on State Resources
17-3-202. Special districts -- authority to receive federal funds
17-3-203. through 17-3-210 reserved
17-3-211. Forest reserve money and other federal funds
17-3-212. Apportionment of forest reserve funds and other federal funds among counties
17-3-215. through 17-3-220 reserved
17-3-221. State treasurer to be custodian of money received under Taylor Grazing Act
17-3-222. Apportionment of money to counties
17-3-223. through 17-3-230 reserved
17-3-231. Flood Control Act -- distribution of revenues to counties
17-3-232. Deposit and expenditure of funds by counties
17-3-233. through 17-3-239 reserved