Montana § 17-1-406 - Reduction Of Volatile Revenue Transfer -- Report
Full text of Montana Montana Code Annotated § 17-1-406 — Reduction Of Volatile Revenue Transfer -- Report, with citation guidance and answers to common questions.
§ 17-1-406. Reduction Of Volatile Revenue Transfer -- Report
Reduction of volatile revenue transfer -- report. If the budget director estimates a projected general fund ending fund balance at the end of the biennium that is less than the operating reserve as defined in 17-7-102 , the budget director shall inform the legislative finance committee and the legislative fiscal analyst in writing of the financial forecast and recommended actions by September 15 if a reduction is considered for the November 1 transfer or March 15, if a reduction is considered for the May transfer. The legislative finance committee may meet and comment within 30 days of receiving the forecast and recommendations. Then the governor may reduce the transfer of volatile revenue to the Montana growth and opportunity trust established in 17-1-401 by up to 50% of the volatile revenue transfer amount.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 17-1-406
What does Montana Code Annotated § 17-1-406 cover?
Section 17-1-406 ("Reduction Of Volatile Revenue Transfer -- Report") 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 § 17-1-406?
A common citation format is "Montana Code Annotated § 17-1-406" (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 § 17-1-406 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.