20-9-514. Impact aid fund. (1) The trustees of a district that receives federal funds under the provisions of impact aid, as provided in 20 U.S.C. 7701, et seq., shall establish an impact aid fund. Money received under the provisions of 20 U.S.C. 7701, et seq., must be deposited with the county treasurer to the credit of the impact aid fund.
(2) The expenditure of money from the impact aid fund must be made pursuant to 20 U.S.C. 7701, et seq. The impact aid fund must be administered pursuant to the financial administration provisions of this title for nonbudgeted funds.
History: En. Sec. 41, Ch. 633, L. 1993; amd. Sec. 28, Ch. 22, L. 1997.
Structure Montana Code Annotated
20-9-501. Retirement costs and retirement fund
20-9-502. Purpose and authorization of building reserve fund -- subfund structure
20-9-503. Budgeting, tax levy, and use of building reserve fund
20-9-504. Extracurricular fund for pupil functions
20-9-505. Purpose and establishment of nonoperating fund
20-9-506. Budgeting and net levy requirement for nonoperating fund
20-9-507. Miscellaneous programs fund
20-9-509. Lease or rental agreement fund
20-9-510. Traffic education fund
20-9-511. Interlocal cooperative fund
20-9-512. Compensated absence liability fund
20-9-515. Litigation reserve fund
20-9-516. School facility and technology account
20-9-522. through 20-9-524 reserved
20-9-525. School major maintenance aid account -- formula
20-9-526. through 20-9-530 reserved
20-9-533. Technology acquisition and depreciation fund -- limitations
20-9-534. Statutory appropriation for school technology purposes
20-9-535. and 20-9-536 reserved
20-9-537. Montana Indian language preservation program
20-9-538. through 20-9-540 reserved
20-9-543. School flexibility fund -- uses