Montana § 20-9-515 - Litigation Reserve Fund
Full text of Montana Montana Code Annotated § 20-9-515 — Litigation Reserve Fund, with citation guidance and answers to common questions.
§ 20-9-515. Litigation Reserve Fund
(Temporary) Litigation reserve fund. (1) The trustees of a school district may establish a litigation reserve fund only when litigation that is pending against the district could result in an award against the district. (2) At the end of each school fiscal year, the trustees of a district may transfer money from the general fund, within the adopted budget, to establish the fund. (3) Upon conclusion of litigation, the balance of the money in the fund reverts to the general fund and must be used to reduce the district's general fund BASE budget levy requirement computed pursuant to 20-9-141 . 20-9-515 . (Effective July 1, 2026) Litigation reserve fund. (1) The trustees of a school district may establish a litigation reserve fund only when litigation that is pending against the district could result in an award against the district. (2) At the end of each school fiscal year, the trustees of a district may transfer money from the general fund, within the adopted budget, to establish the fund. (3) Upon conclusion of litigation, the balance of the money in the fund reverts to the general fund and must be used to reduce the district's BASE funding revenue requirement computed pursuant to 20-9-141 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 20-9-515
What does Montana Code Annotated § 20-9-515 cover?
Section 20-9-515 ("Litigation 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 § 20-9-515?
A common citation format is "Montana Code Annotated § 20-9-515" (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 § 20-9-515 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.