77-1-602. Definition of terms. Unless the context requires otherwise, in this part, the following definitions apply:
     (1) "Account" means the resource development account in the state special revenue fund.
     (2) (a) "Income" means all proceeds received for the use of state land except:
     (i) revenue required by law to be placed in the permanent fund type; and
     (ii) revenue from the sale of timber.
     (b) For purposes of subsection (2)(a), state land does not include land granted to the state pursuant to the Morrill Act of 1862, 7 U.S.C. 301 through 308, and the Morrill Act of 1890, 7 U.S.C. 321 through 329.

     History: En. Sec. 2, Ch. 295, L. 1967; amd. Sec. 106, Ch. 428, L. 1973; R.C.M. 1947, 81-2402; amd. Sec. 36, Ch. 281, L. 1983; amd. Sec. 5, Ch. 14, Sp. L. January 1992; amd. Sec. 31, Ch. 34, L. 2001; amd. Sec. 6, Ch. 247, L. 2007.