7-6-108. Disposition of in-lieu payments by subdivisions. All money received by a political subdivision pursuant to 7-6-106 or under 7-6-107 shall be deposited in such fund or funds or items of a fund or funds as may be designated in the agreement. If the agreement does not make such designation, the money received shall be deposited in such fund or funds or items of a fund or funds as the governing body of such subdivision shall by appropriate resolution direct.

Terms Used In Montana Code 7-6-108

  • Agreement: shall mean contract and shall include renewals and alterations of a contract. See Montana Code 7-6-101
  • Fund: shall mean , unless otherwise expressed, the government project fund to be established pursuant to 7-6-105. See Montana Code 7-6-101
  • Governing body: shall mean the commission, board, body, or persons in which the powers of a subdivision as a body corporate or otherwise are vested. See Montana Code 7-6-101
  • Political subdivision: shall mean any agency or unit of this state which now is or hereafter shall be authorized to levy taxes or empowered to cause taxes to be levied. See Montana Code 7-6-101