Montana § 15-1-120 - Policy And Purpose
Full text of Montana Montana Code Annotated § 15-1-120 — Policy And Purpose, with citation guidance and answers to common questions.
§ 15-1-120. Policy And Purpose
Policy and purpose. (1) The purpose of Chapter 574, Laws of 2001, is to establish a financial partnership between state and local governments. (2) This partnership is founded on trust and is committed to protecting and promoting the financial interests of cities, towns, counties, local schools, special districts, and state government. (3) Local governments agree to relinquish dedicated revenue in exchange for an entitlement share of the state general fund based on a formula that responds to the performance of the Montana economy. (4) The legislature agrees to fund the entitlement share in accordance with the provisions of 15-1-121 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 15-1-120
What does Montana Code Annotated § 15-1-120 cover?
Section 15-1-120 ("Policy And Purpose") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 15-1-120?
A common citation format is "Montana Code Annotated § 15-1-120" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 15-1-120 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.