90-3-525. Deposit of payback. (1) The payback of principal and earnings on a research and development project loan from a source other than the Montana permanent coal tax trust fund must be deposited to the state special revenue fund to the credit of the science and technology development account created in 90-3-305.
     (2) All paybacks of principal and earnings to the board from any agreements executed by the board between July 1, 1985, and March 31, 1989, must be deposited to the state special revenue fund to the credit of the science and technology development account created in 90-3-305 for use by the department to cover the administrative costs of loans made pursuant to this chapter. The paybacks include all those received after January 1, 1989.
     (3) All paybacks of earnings to the board from loan agreements using permanent coal tax trust funds must be deposited to the state special revenue fund to the credit of the science and technology development account created in 90-3-305 to pay the department's administrative and accounting costs associated with the loans. The balance must be deposited to the permanent coal tax trust fund within 30 days.

     History: En. Sec. 14, Ch. 316, L. 1989; amd. Sec. 13, Ch. 589, L. 1991; amd. Secs. 10, 12, Ch. 594, L. 1991; amd. Sec. 2, Ch. 9, Sp. L. January 1992; amd. Sec. 8, Ch. 331, L. 1993.