Table of Contents TITLE 20. EDUCATION CHAPTER 9. FINANCE Part 3. Funding of Basic System of Quality Public Schools
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20-9-302 20-9-303 20-9-305 20-9-306 20-9-308 20-9-309 20-9-311 1 20-9-313 20-9-314 20-9-321 20-9-326 20-9-327 20-9-328 20-9-329 20-9-330 20-9-331 20-9-332 20-9-333 20-9-335 20-9-341 20-9-342 20-9-343 20-9-344 20-9-346 20-9-347 20-9-348 20-9-351 20-9-353 20-9-360 20-9-361 20-9-366 20-9-367 20-9-368 20-9-369 20-9-370 20-9-371

Mont. Code Ann. § 20-9-343

(2005)

Definition of and revenue for state equalization aid

(1) As used in this title, the term "state equalization aid" means revenue as required in this section for:

(a) distribution to the public schools for guaranteed tax base aid, BASE aid, state reimbursement for school facilities, and grants for school technology purchases; and

(b) negotiated payments authorized under 20-7-420(3) up to $500,000 a biennium.

(2) The superintendent of public instruction may spend throughout the biennium funds appropriated for the purposes of guaranteed tax base aid, BASE aid for the BASE funding program, state reimbursement for school facilities, negotiated payments authorized under 20-7-420(3), and school technology purchases.

(3) From July 1, 2001, through June 30, 2003, the following money must be paid into the guarantee account provided for in 20-9-622 for the public schools of the state as indicated:

(a) interest and income money described in 20-9-341 and 20-9-342; and

(b) investment income earned by investing interest and income money described in 20-9-341 and 20-9-342.

(4) Beginning July 1, 2003, the following money must be paid into the guarantee account provided for in 20-9-622 for the public schools of the state as indicated:

(a) (i) subject to subsection (4)(a)(ii), interest and income money described in 20-9-341 and 20-9-342; and

(ii) an amount of money equal to the income money attributable to the difference between the average sale value of 18 million board feet and the total income produced from the annual timber harvest on common school trust lands during the fiscal year, which is statutorily appropriated, pursuant to 20-9-534, to be used for the purposes of 20-9-533;

(b) investment income earned by investing interest and income money described in 20-9-341 and 20-9-342.

Official Annotations archive.org, 2005 edition
History:
En. 75-6916 by Sec. 266, Ch. 5, L. 1971
Amd. Sec. 12, Ch. 137, L. 1973
Amd. Sec. 3, Ch. 355, L. 1973
Amd. Sec. 12, Ch. 502, L. 1975
Amd. Sec. 1, Ch. 356, L. 1977
R.C.M. 1947, 75-6916
Amd. Sec. 15, Ch. 634, L. 1979
Amd. Sec. 2, Ch. 317, L. 1981
Amd. Sec. 1, Ch. 277, L. 1983
Amd. Sec. 2, Ch. 20, Sp. L. June 1986
Amd. Sec. 70, Ch. 370, L. 1987
Amd. Sec. 3, Ch. 662, L. 1987
Amd. Sec. 5, Ch. 666, L. 1987
Amd. Sec. 37, Ch. 11, Sp. L. June 1989
Amd. Sec. 5, Ch. 622, L. 1991
Amd. Secs. 1, 3, Ch. 729, L. 1991
Amd. Sec. 18, Ch. 787, L. 1991
Amd. Sec. 6, Ch. 375, L. 1993
Amd. Sec. 8, Ch. 593, L. 1993
Amd. Sec. 24, Ch. 633, L. 1993
Amd. Sec. 36, Ch. 509, L. 1995
Amd. Sec. 4, Ch. 517, L. 1995
Amd. Sec. 17, Ch. 237, L. 2001 (SB 390 - Cobb, John (R) SD 25)
Amd. Sec. 5, Ch. 554, L. 2001 (HB 41 - Witt, John (R) HD 89)
Amd. Secs. 3, 5, Ch. 10, Sp. L. August 2002
Source text on leg.mt.gov