Montana Code 77-1-220. Offsetting purchases — proceeds — records
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77-1-220. Offsetting purchases — proceeds — records. (1) To the extent practical and consistent with the board’s powers and duties pursuant to 77-1-202, the board shall offset purchases made pursuant to 77-1-218, 77-1-219, and 77-1-229 by selling an equal amount of land.
Terms Used In Montana Code 77-1-220
- Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
(2)Proceeds received from offsetting sales may not be used for:
(a)purchasing additional lands; or
(b)the land banking process under 77-2-361 through 77-2-367.
(3)A separate record of the proceeds received from each sale of land must be maintained.