77-3-318. Disposition of royalties and other receipts. All fees, rentals, royalties, and bonuses collected under state coal leases shall be paid to the department and credited as follows:
(1) All fees shall be credited to the state general fund.
(2) All rentals and bonuses shall be credited to the income fund of the grant to which the lands under each lease belong.
(3) All moneys collected as royalties shall be credited to the permanent fund arising from the grants to which the lands under lease belong.
History: En. Sec. 47, Ch. 60, L. 1927; re-en. Sec. 1805.47, R.C.M. 1935; amd. Sec. 34, Ch. 428, L. 1973; amd. Sec. 5, Ch. 358, L. 1975; R.C.M. 1947, 81-510.
Structure Montana Code Annotated
Chapter 3. Rock, Mineral, Coal, Oil, and Gas Resources
77-3-301. Coal leases authorized
77-3-302. Lands subject to coal leasing
77-3-303. Rules relating to coal leasing
77-3-304. Protection of rights of purchasers or prior lessees
77-3-305. Limitations on leasing
77-3-306. Conditions on manner of mining
77-3-307. Improvements of former lessee
77-3-308. Limitation on public inspection rights
77-3-309. and 77-3-310 reserved
77-3-316. Rental and royalty terms
77-3-317. Report and payment of royalty
77-3-318. Disposition of royalties and other receipts
77-3-319. and 77-3-320 reserved
77-3-322. Obligation to pay royalties under coal lease contract -- interest