Montana § 20-9-622 - Guarantee Account
Full text of Montana Montana Code Annotated § 20-9-622 — Guarantee Account, with citation guidance and answers to common questions.
§ 20-9-622. Guarantee Account
Guarantee account. (1) There is a guarantee account in the state special revenue fund. The guarantee account is intended to: (a) stabilize the long-term growth of the permanent fund; and (b) maintain a constant and increasing distributable revenue stream. All realized capital gains and all distributable revenue must be deposited in the guarantee account. The guarantee account is statutorily appropriated, as provided in 17-7-502 , for distribution to school districts as the first source of funding for state equalization aid as provided in 20-9-343 . (2) Any excess interest and income revenue, as defined in 20-9-342 , that is deposited in the guarantee account for distribution under this section must be transferred to the school facility and technology account provided for in 20-9-516 .
Frequently Asked Questions About Montana § 20-9-622
What does Montana Code Annotated § 20-9-622 cover?
Section 20-9-622 ("Guarantee Account") 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 § 20-9-622?
A common citation format is "Montana Code Annotated § 20-9-622" (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 § 20-9-622 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.