Montana § 15-38-302 - Natural Resources Projects State Special Revenue Account Created -- Revenue Allocated -- Limitations On Appropriations From Account

§ 15-38-302. Natural Resources Projects State Special Revenue Account Created -- Revenue Allocated -- Limitations On Appropriations From Account

Natural resources projects state special revenue account created -- revenue allocated -- limitations on appropriations from account. (1) There is a natural resources projects state special revenue account within the state special revenue fund established in 17-2-102 . (2) There must be paid into the natural resources projects state special revenue: (a) the interest income of the resource indemnity trust fund under the provisions of 15-38-202 ; (b) the resource indemnity and ground water assessment tax under the provisions of 15-38-106 ; (c) the oil and natural gas production tax as provided in 15-36-331 ; (d) the excess of the coal severance tax proceeds allocated by 85-1-603 to the renewable resource loan debt service fund above debt service requirements as provided in and subject to the conditions of 85-1-619 ; and (e) 10% of the interest earned from the Montana water development state special revenue account established in 85-1-320 to be used for water storage pilot projects and dam inspections required under 85-15-213 . (3) Appropriations may be made from the natural resources projects state special revenue account for grants and loans for designated projects and the activities authorized in 85-1-602 and 90-2-1102 . (4) The account retains its own interest. Disclaimer: The Internet version of the Montana Code Annotated is provided as a research tool to users of the Code. In case of inconsistencies resulting from omissions or other errors, the printed version will prevail.