Montana Code 90-6-138. Coal board fund
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90-6-138. Coal board fund. (1) There is a coal board fund administered by the department of administration. Pursuant to 17-5-703, a percentage of coal severance taxes received by the state must be deposited in this fund. Earnings not transferred to the coal natural resource account as provided in subsection (2) must be retained in the coal board fund.
Terms Used In Montana Code 90-6-138
- Board: means the board of housing created in 2-15-1814. See Montana Code 90-6-103
- Department: means the department of commerce provided for in Title 2, chapter 15, part 18. See Montana Code 90-6-103
- 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)The coal natural resource account established in 90-6-1001(2) receives earnings from the coal board fund as provided in 17-5-703.