20-9-621. Permanent fund. (1) The public school fund provided for in Article X, section 2, of the Montana constitution consists of the permanent fund, which consists of the permanent corpus fund.
(2) The permanent fund must be invested for the purpose of generating future income for distribution to public elementary and secondary school districts as provided in Article X, section 5, of the Montana constitution.
History: En. Sec. 2, Ch. 418, L. 2001.
Structure Montana Code Annotated
Part 6. Public School Fund and Grants to Schools
20-9-602. Title to farm mortgage lands vested in state and transfers validated
20-9-603. Acceptance and expenditure of federal moneys for state
20-9-604. Gifts, legacies, devises, and administration of endowment fund
20-9-605. through 20-9-614 reserved
20-9-615. Voluntary rural residential impact payments
20-9-616. through 20-9-619 reserved
20-9-623. through 20-9-629 reserved
20-9-633. and 20-9-634 reserved
20-9-635. Natural resource development K-12 school facilities payment
20-9-636. and 20-9-637 reserved
20-9-638. Coal-fired generating unit closure mitigation block grant