17-1-403. Reinvestment of growth and opportunity trust.
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/mt/title-17/chapter-1/part-4/17-1-403·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
17-1-403 . Reinvestment of growth and opportunity trust. Transfers into the reinvestment portion of the Montana growth and opportunity trust established in 17-1-401 are allocated as follows:
(1)80% to the pension fund provided for in 17-7-135 until the balance in the fund equals $1 billion; and
(2)20% to a Montana housing trust provided for in 90-6-150 until the balance in the Montana housing trust equals $500 million.
(3)Any remaining transfer amount must remain in the reinvestment portion of the trust and is not allocated to any purpose.