Montana Code 30-10-115. Deposits to general fund — exceptions
30-10-115. Deposits to general fund — exceptions. (1) Except as provided in subsection (2), all fees and miscellaneous charges received by the commissioner pursuant to parts 1 through 3 of this chapter must be deposited in the general fund.
Terms Used In Montana Code 30-10-115
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)(a) All notice filing fees collected under 30-10-209(1)(d) and examination costs collected under 30-10-210 must be deposited in the state special revenue fund in an account to the credit of the state auditor’s office. The funds allocated by this subsection (2)(a) to the state special revenue account may be used only to defray the expenses of the state auditor’s office in discharging its administrative and regulatory powers and duties in relation to notice filing under 30-10-209(1)(d) and examinations.
(b)Any fees in excess of the amount required for the purposes listed in subsection (2)(a) must be deposited in the general fund.
(c)On or after July 1, 2019, 3% of the total fees collected annually under 30-10-209(1)(b) must be deposited in the securities restitution assistance fund provided for in 30-10-1004. The remainder must be deposited in the general fund. On or after July 1, 2027, all fees collected annually under 30-10-209(1)(b) must be deposited in the general fund.