20-9-343. Definition of and revenue for state equalization aid. (1) As used in this title, the term "state equalization aid" means revenue as required in this section for distribution to the public schools for guaranteed tax base aid, BASE aid, and state debt service assistance.
(2) The superintendent of public instruction may spend throughout the biennium funds appropriated for the purposes of guaranteed tax base aid, BASE aid for the BASE funding program, and state debt service assistance.
(3) The following money must be paid into the guarantee account provided for in 20-9-622 for the public schools of the state as indicated:
(a) subject to 20-9-516(2)(a), interest and income money described in 20-9-341 and 20-9-342; and
(b) investment income earned by investing interest and income money described in 20-9-341 and 20-9-342.
History: En. 75-6916 by Sec. 266, Ch. 5, L. 1971; amd. Sec. 12, Ch. 137, L. 1973; amd. Sec. 3, Ch. 355, L. 1973; amd. Sec. 12, Ch. 502, L. 1975; amd. Sec. 1, Ch. 356, L. 1977; R.C.M. 1947, 75-6916; amd. Sec. 15, Ch. 634, L. 1979; amd. Sec. 2, Ch. 317, L. 1981; amd. Sec. 1, Ch. 277, L. 1983; amd. Sec. 2, Ch. 20, Sp. L. June 1986; amd. Sec. 70, Ch. 370, L. 1987; amd. Sec. 3, Ch. 662, L. 1987; amd. Sec. 5, Ch. 666, L. 1987; amd. Sec. 37, Ch. 11, Sp. L. June 1989; amd. Sec. 5, Ch. 622, L. 1991; amd. Secs. 1, 3, Ch. 729, L. 1991; amd. Sec. 18, Ch. 787, L. 1991; amd. Sec. 6, Ch. 375, L. 1993; amd. Sec. 8, Ch. 593, L. 1993; amd. Sec. 24, Ch. 633, L. 1993; amd. Sec. 36, Ch. 509, L. 1995; amd. Sec. 4, Ch. 517, L. 1995; amd. Sec. 17, Ch. 237, L. 2001; amd. Sec. 5, Ch. 554, L. 2001; amd. Secs. 3, 5, Ch. 10, Sp. L. August 2002; amd. Sec. 13, Ch. 377, L. 2009; amd. Sec. 4, Ch. 404, L. 2017; amd. Sec. 6, Ch. 371, L. 2021.
Structure Montana Code Annotated
Part 3. Funding of Basic System of Quality Public Schools
20-9-303. Nonisolated school BASE budget funding -- special education funds
20-9-305. Proration and calculation of BASE funding program for joint district
20-9-308. BASE budgets and general fund budget limits
20-9-310. Oil and natural gas production taxes for school districts -- allocation and limits
20-9-311. Calculation of average number belonging (ANB) -- 3-year averaging
20-9-313. Circumstances under which regular average number belonging may be increased
20-9-321. Allowable cost payment for special education
20-9-325. Data-for-achievement payment
20-9-326. Annual inflation-related adjustments to basic entitlements and per-ANB entitlements
20-9-327. Quality educator payment
20-9-328. At-risk student payment
20-9-329. Indian education for all payment
20-9-330. American Indian achievement gap payment
20-9-332. Fines and penalties proceeds for elementary county equalization
20-9-335. Formula for apportionment of county equalization money
20-9-336. through 20-9-340 reserved
20-9-341. Definition of interest and income money
20-9-342. Deposit of interest and income money by state board of land commissioners
20-9-343. Definition of and revenue for state equalization aid
20-9-344. Duties of board of public education for distribution of BASE aid
20-9-348. Estimation of state equalization aid for budget purposes
20-9-349. and 20-9-350 reserved
20-9-351. Funding of deficiency in BASE aid
20-9-353. Additional financing for general fund -- election for authorization to impose
20-9-354. through 20-9-359 reserved
20-9-360. State equalization aid levy
20-9-361. County equalization revenue
20-9-362. through 20-9-365 reserved
20-9-368. Amount of guaranteed tax base aid
20-9-369. Duties of superintendent of public instruction and department of revenue
20-9-371. Calculation and uses of school facility entitlement amount
20-9-372. through 20-9-374 reserved
20-9-376. Purpose of increased funding beyond inflation
20-9-377. through 20-9-379 reserved
20-9-380. School facilities fund -- school major maintenance aid special revenue account