Montana § 37-50-209 - Enterprise Fund
Full text of Montana Montana Code Annotated § 37-50-209 — Enterprise Fund, with citation guidance and answers to common questions.
§ 37-50-209. Enterprise Fund
Enterprise fund. (1) There is an enterprise fund, as described in 17-2-102 , established for the use of the board. The money in the fund is statutorily appropriated as provided in 17-7-502 . (2) All licensing fees, other money collected by the department on behalf of the board, and all interest or earnings on money deposited in the enterprise fund must be deposited in or credited to the fund. (3) Money in the enterprise fund must be invested by the board of investments pursuant to the provisions of the unified investment program for state funds. (4) The enterprise fund must retain a cash reserve balance of at least 15% of the average of the last 3 years of revenue as needed for operation of the board and measured on completion of the license renewal cycle. (5) The enterprise fund may not include money taken from the general fund.
Frequently Asked Questions About Montana § 37-50-209
What does Montana Code Annotated § 37-50-209 cover?
Section 37-50-209 ("Enterprise 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 § 37-50-209?
A common citation format is "Montana Code Annotated § 37-50-209" (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 § 37-50-209 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.