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Montana Code Annotated — Title 15 (Taxation)

Mont. Code Ann. § 15-36-326

Oil And Natural Gas Accelerated Tax Fund

Official textleg.mt.gov

15-36-326 . Oil and natural gas accelerated tax fund.

# (1)

The county commissioners of a county that receives tax distributions under 15-36-325 , as that section read on December 31, 1999, shall establish an oil and natural gas accelerated tax fund for the deposit of the distributions. The county commissioners may retain the money in the fund for any time period considered appropriate by the commissioners. Money retained in the fund may not be considered as fund balance for the purpose of reducing mill levies.

# (2)

Money may be expended from the fund for any purpose allowed by law.

# (3)

Money in the fund must be invested as provided by law. Interest and income earned on the investment of money in the fund must be credited to the fund.

# (4)

The oil and natural gas accelerated tax fund must be financially administered as a nonbudgeted fund under the provisions of Title 7, chapter 6, part 23.

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In this chapter (40 sections)
  1. 15-36-106 · Repealed
  2. 15-36-107 · Repealed
  3. 15-36-108 · Repealed
  4. 15-36-109 · Repealed
  5. 15-36-110 · Repealed
  6. 15-36-111 · Repealed
  7. 15-36-112 · Repealed
  8. 15-36-113 · Repealed
  9. 15-36-114 · Repealed
  10. 15-36-115 · Through 15-36-119 Reserved
  11. 15-36-120 · Repealed
  12. 15-36-121 · Repealed
  13. 15-36-122 · Repealed
  14. 15-36-123 · Through 15-36-125 Reserved
  15. 15-36-126 · Repealed
  16. 15-36-301 · Short Title
  17. 15-36-302 · Legislative Findings And Declaration Of Purpose
  18. 15-36-303 · Definitions
  19. 15-36-304 · Production Tax Rates Imposed On Oil And Natural Gas --…
  20. 15-36-305 · Determination Of Gross Value Of Product
  21. 15-36-306 · Through 15-36-308 Reserved
  22. 15-36-309 · Certain Royalties Exempt
  23. 15-36-310 · Operator Responsible For Payment -- Deduction Of Taxes From…
  24. 15-36-311 · Quarterly Payment Of Tax -- Statement -- Failure To Pay…
  25. 15-36-312 · Record Of Product -- Carriers To Furnish Data -- Penalty
  26. 15-36-313 · Procedure To Compute Tax In Absence Of Statement --…
  27. 15-36-314 · Deficiency Assessment -- Review -- Penalty And Interest
  28. 15-36-315 · Credit Or Refund For Overpayment -- Refund From County --…
  29. 15-36-316 · Through 15-36-318 Reserved
  30. 15-36-319 · Warrant For Distraint
  31. 15-36-320 · Repealed
  32. 15-36-321 · Statute Of Limitations
  33. 15-36-322 · Rulemaking Authority
  34. 15-36-323 · Repealed
  35. 15-36-324 · Repealed
  36. 15-36-325 · Repealed
  37. 15-36-326 · Oil And Natural Gas Accelerated Tax Fund
  38. 15-36-327 · Through 15-36-330 Reserved
  39. 15-36-331 · Distribution Of Taxes
  40. 15-36-332 · Distribution Of Taxes To Taxing Units -- Appropriation
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