Montana Code 90-6-702. Purpose

90-6-702. Purpose. The purpose of the Montana coal endowment program is to assist local governments in funding infrastructure projects that will:

Infrastructure projects: means :

(i)drinking water systems;

(ii)wastewater treatment;

(iii)sanitary sewer or storm sewer systems;

(iv)solid waste disposal and separation systems, including site acquisition, preparation, or monitoring; or

(v)bridges. See Montana Code 90-6-701
Local government: means an incorporated city or town, a county, a consolidated local government, a tribal government, a county or multicounty water, sewer, or solid waste district, or an authority as defined in 75-6-304. See Montana Code 90-6-701
Montana coal endowment program: means the local government infrastructure investment program established in subsection (1). See Montana Code 90-6-701
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
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

(1)create jobs for Montana residents;

(2)promote economic growth in Montana by helping to finance the necessary infrastructure;

(3)encourage local public facility improvements;

(4)create a partnership between the state and local governments to make necessary public projects affordable;

(5)support long-term, stable economic growth in Montana;

(6)protect future generations from undue fiscal burdens caused by financing necessary public works;

(7)coordinate and improve infrastructure financing by federal, state, local government, and private sources; and

(8)enhance the quality of life and protect the health, safety, and welfare of Montana citizens.