17-1-403. Reinvestment of growth and opportunity trust, MCA

Montana Code Annotated 2025

TITLE 17. STATE FINANCE

CHAPTER 1. GENERAL ADMINISTRATION

Part 4. Montana Growth and Opportunity Trust

Reinvestment Of Growth And Opportunity Trust

17-1-403. Reinvestment of growth and opportunity trust. Transfers into the reinvestment portion of the Montana growth and opportunity trust established in 17-1-401 are allocated as follows:

(1) 80% to the pension fund provided for in 17-7-135 until the balance in the fund equals $1 billion; and

(2) 20% to a Montana housing trust provided for in 90-6-150 until the balance in the Montana housing trust equals $500 million.

(3) Any remaining transfer amount must remain in the reinvestment portion of the trust and is not allocated to any purpose.

History: En. Sec. 3, Ch. 775, L. 2025.