90-3-305. Science and technology development account. (1) There is a science and technology development account within the state special revenue fund established in 17-2-102.
     (2) There must be paid into the science and technology development account:
     (a) the payback of principal and earnings on a research and development project loan, made from a source other than the Montana permanent coal tax trust fund, executed under this chapter; and
     (b) all payback of principal and earnings to the board from any agreements executed by the board between July 1, 1985, and March 31, 1989.
     (3) The department may use all payback funds deposited in the account to cover administrative costs of programs authorized under this chapter. Payback funds must be used to cover administrative costs before the funds received from the board of investments under 17-6-201(8) are used.

     History: En. Sec. 15, Ch. 316, L. 1989; amd. Secs. 8, 12, Ch. 594, L. 1991; amd. Sec. 1, Ch. 9, Sp. L. January 1992; amd. Sec. 4, Ch. 331, L. 1993.