80-7-1016. Invasive species trust fund. (1) There is an invasive species trust fund. The board of investments shall invest the money of the fund, and the investment income must be deposited in the fund.
(2) The principal of the invasive species trust fund shall forever remain inviolate in an amount of $100 million unless appropriated by a vote of three-fourths of the members of each house of the legislature.
(3) Except as provided in 80-7-1013 and subsection (2) of this section, money deposited in the invasive species trust fund may not be appropriated until the principal reaches $100 million.
(4) On July 1 of each fiscal year, the principal of the invasive species trust fund in excess of $100 million and the interest and income generated from the trust fund, excluding unrealized gains and losses, must be deposited in the invasive species account established in 80-7-1004.
(5) Deposits to the principal of the trust fund may include but are not limited to grants, gifts, transfers, bequests, or donations from any source.
History: En. Sec. 1, Ch. 289, L. 2015; amd. Sec. 10, Ch. 387, L. 2017.
Structure Montana Code Annotated
Chapter 7. Disease, Pest, and Weed Control
Part 10. Aquatic Invasive Species
80-7-1002. Legislative findings and purpose
80-7-1004. Invasive species account
80-7-1005. Cooperative agreement for invasive species detection and control
80-7-1006. Departmental responsibilities -- reporting
80-7-1007. Rulemaking authority
80-7-1008. Invasive species management area -- authorization
80-7-1009. Arrangements with landowners
80-7-1010. Invasive species management area -- regulation
80-7-1012. Invasive species possession and transfer prohibited -- exceptions
80-7-1015. Statewide invasive species management area
80-7-1016. Invasive species trust fund
80-7-1017. Invasive species grant account
80-7-1018. Invasive species grant program -- criteria -- rulemaking
80-7-1020. through 80-7-1024 reserved
80-7-1025. Missouri River containment and quarantine program
80-7-1026. Upper Columbia conservation commission -- purpose and duties