90-1-205. Economic development special revenue account, MCA

Montana Code Annotated 2019

TITLE 90. PLANNING, RESEARCH, AND DEVELOPMENT

CHAPTER 1. DEVELOPMENT COORDINATION

Part 2. Big Sky Economic Development Program

Economic Development Special Revenue Account

90-1-205. Economic development special revenue account. (1) There is an economic development state special revenue account. The account receives earnings from the big sky economic development fund as provided in 17-5-703. The money in the account may be used only as provided in this part.

(2) The money in the account is statutorily appropriated, as provided in 17-7-502, to the department. Of the money that is deposited in the account that is not used for administrative expenses:

(a) 75% must be allocated for distribution to local governments and tribal governments to be used for job creation efforts; and

(b) 25% must be allocated for distribution to certified regional development corporations, economic development organizations that are located in a county that is not part of a certified regional development corporation, and tribal governments.

History: En. Sec. 6, Ch. 588, L. 2005; amd. Sec. 5, Ch. 460, L. 2009; amd. Sec. 18, Ch. 6, Sp. L. November 2017.