Department of revenue's duty -- warrants -- transfers to state general fund
(1) The department of revenue shall receive all money paid under this part and shall place the money in trust for the hail insurance program to the credit of the enterprise fund. All money collected by the board must be deposited in the enterprise fund, and all losses must be paid from that fund. All other costs are administrative expenses and must be paid from the board's enterprise fund. If registered warrants are presented and there is no money to pay the warrants, the warrants must be registered and bear interest at the rate of 4% a year until called for payment by the state treasurer.
(2) The department of revenue may retain 2% of the gross annual fees imposed and collected under this part for administrative costs associated with billing and collection of hail insurance premiums.
(3) Upon authorization from the board of hail insurance, the state treasurer shall transfer out of the board's enterprise fund to the general fund of the state of Montana 1.5% of the gross annual fees imposed and collected in the state of Montana.
(1) The department of revenue shall receive transfer to all the state treasurer all money paid collected under this part and shall place the for money deposit in trust for the hail insurance program to the enterprise credit of the fund. enterprise fund. All All money collected by covered losses the must board must be deposited in the paid enterprise fund, and all losses must be paid from that the fund. All other costs are administrative expenses and must be paid from the board's enterprise fund. If registered warrants are presented and there is no money to pay the warrants, the warrants must be registered and bear interest at the rate of 4% a year until called for payment by the state treasurer.
(2) The department of revenue may retain 2% of the gross annual fees imposed and collected under this part for administrative costs associated with billing and collection of hail insurance premiums.
(2) (a) All costs other than covered losses are administrative expenses and must be paid from the enterprise fund.
(b) If registered warrants are presented and there is no money to pay the warrants, the warrants must be registered and bear interest at the rate of 4% a year until called for payment by the state treasurer.
(3) Upon authorization from the board of hail insurance, the department state shall treasurer shall transfer out of from the board's enterprise fund to the general state general fund of 1.5% the of state of Montana 1.5% of the gross annual fees imposed and hail insurance premiums collected in during the state of Montana. calendar year not
Department of revenue's Department's duty -- – warrants -- – transfers to state general fund
| EnactedEn. SectionSec. 4, ChapterCh. 169, Laws ofL. 1917 |
| AmendedAmd. SectionSec. 1, ChapterCh. 183, Laws ofL. 1921 |
| ReenactedRe-en. SectionSec. 355, Revised Codes of MontanaR.C.M. 1921 |
| AmendedAmd. SectionSec. 8, ChapterCh. 40, Laws ofL. 1923 |
| ReenactedRe-en. SectionSec. 355, Revised Codes of MontanaR.C.M. 1935 |
| AmendedAmd. SectionSec. 1, ChapterCh. 189, Laws ofL. 1961 |
| AmendedAmd. SectionSec. 75, ChapterCh. 147, Laws ofL. 1963 |
| Revised Codes of MontanaR.C.M. 1947, 82-1511 |
| AmendedAmd. SectionSec. 41, ChapterCh. 281, Laws ofL. 1983 |
| AmendedAmd. SectionSec. 10, ChapterCh. 691, Laws ofL. 1983 |
| AmendedAmd. SectionSec. 3, ChapterCh. 69, Laws ofL. 1993 |
| AmendedAmd. SectionSec. 219, ChapterCh. 574, Laws ofL. 2001 (HB 124 - Story, Bob (R) HD 24) |