Montana § 20-9-231 - Metal Mines Tax Reserve Fund
Full text of Montana Montana Code Annotated § 20-9-231 — Metal Mines Tax Reserve Fund, with citation guidance and answers to common questions.
§ 20-9-231. Metal Mines Tax Reserve Fund
Metal mines tax reserve fund. (1) The governing body of a local school district receiving tax collections under 15-37-117 (1)(e) may establish a metal mines tax reserve fund to be used to hold the collections. The governing body may hold money in the fund for any time period considered appropriate by the governing body. Money held in the fund may not be considered as fund balance for the purpose of reducing mill levies. (2) Money may be expended from the fund for any purpose provided by law. (3) Money in the fund must be invested as provided by law. Interest and income from the investment of the metal mines tax reserve fund must be credited to the fund. (4) The fund must be financially administered as a nonbudgeted fund under the provisions of this title.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 20-9-231
What does Montana Code Annotated § 20-9-231 cover?
Section 20-9-231 ("Metal Mines Tax Reserve Fund") 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 § 20-9-231?
A common citation format is "Montana Code Annotated § 20-9-231" (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 § 20-9-231 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.