reglab/housing_qa huggingface dataset:
MT Code § 90-6-309 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 3. Hard-Rock Mining Impact|90-6-309. Tax prepayment -- large-scale mineral development

  90-6-309. Tax prepayment -- large-scale mineral development. (1) After permission to commence operation is granted by the appropriate governmental agency and upon request of the governing body of a county in which a facility is to be located, a person intending to construct or locate a large-scale mineral development in this state shall prepay property taxes as specified in the impact plan. This prepayment must exclude the 6-mill university levy established under 15-10-109 and may exclude the mandatory county levies for the school BASE funding program established in 20-9-331 and 20-9-333.   (2) The person who is to prepay under this section is not obligated to prepay the entire amount established in subsection (1) at one time. Upon request of the governing body of an affected local government unit, the person shall prepay the amount shown to be needed from time to time as determined by the board.   (3) The person who is to prepay shall guarantee to the hard-rock mining impact board, through an appropriate financial institution, as may be required by the board, that property tax prepayments will be paid as needed for expenditures created by the impacts of the large-scale mineral development.   (4) When the mineral development facilities are completed and assessed by the department of revenue, they are subject during the first 3 years and thereafter to taxation as all other property similarly situated, except that in each year after the start of production, the local government unit that received a property tax prepayment shall provide for repayment of prepaid property taxes in accordance with subsection (5).   (5) A local government unit that received all or a portion of the property tax prepayment under this section shall provide for tax crediting as specified in the impact plan. The tax credit allowed in any year may not, however, exceed the tax obligation of the developer for that year, and the time period for tax crediting is limited to the productive life of the mining operation.   History: En. Sec. 10, Ch. 617, L. 1981; amd. Sec. 4, Ch. 489, L. 1983; amd. Sec. 6, Ch. 582, L. 1985; amd. Sec. 48, Ch. 11, Sp. L. June 1989; amd. Sec. 55, Ch. 633, L. 1993; amd. Sec. 7, Ch. 57, L. 2009; amd. Sec. 39, Ch. 3, L. 2019.
MT Code § 90-6-312 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 3. Hard-Rock Mining Impact|90-6-312. through 90-6-320 reserved

  90-6-312 through 90-6-320 reserved.
MT Code § 90-6-321 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 3. Hard-Rock Mining Impact|90-6-321. Repealed

  90-6-321. Repealed. Sec. 21, Ch. 672, L. 1989.   History: En. Sec. 2, Ch. 619, L. 1983.
MT Code § 90-6-322 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 3. Hard-Rock Mining Impact|90-6-322. Repealed

  90-6-322. Repealed. Sec. 21, Ch. 672, L. 1989.   History: En. Sec. 3, Ch. 619, L. 1983.
MT Code § 90-6-323 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 3. Hard-Rock Mining Impact|90-6-323. Local government budget authority

  90-6-323. Local government budget authority. A local government unit may budget and expend payments received from a mineral developer under this part or part 4 of this chapter or pursuant to a plan approved under this part. If a payment is requested or received after the adoption of the budget for the fiscal year in which the payment is to be expended, the governing body of the local government unit may by a majority vote amend its budget to provide for the receipt and expenditure of the payment.   History: En. Sec. 8, Ch. 582, L. 1985.
MT Code § 90-6-324 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 3. Hard-Rock Mining Impact|90-6-324. through 90-6-330 reserved

  90-6-324 through 90-6-330 reserved.
MT Code § 90-6-331 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 3. Hard-Rock Mining Impact|90-6-331. Payment to counties -- statutory appropriation

  90-6-331. (Temporary) Payment to counties -- statutory appropriation. Prior to each October 31, all money segregated by county in the hard-rock mining impact trust account following allocation to the hard-rock mining impact trust account established in 90-6-304(2) as of the immediately preceding September 30 must be paid to the county for which the funds have been held in deposit. The payments to the counties are statutorily appropriated as provided in 17-7-502. The funds received by the county must be deposited in the county hard-rock mine trust account established in 7-6-2225. (Terminates June 30, 2027--sec. 1, Ch. 213, L. 2017.)   90-6-331. (Effective July 1, 2027) Fund transfer. Prior to each October 31, all money segregated by county in the hard-rock mining impact trust account following allocation to the hard-rock mining impact trust account established in 90-6-304(2) as of September 30 immediately preceding must be transferred to the county for which the funds have been held in deposit. The funds transferred must be deposited in the county hard-rock mine trust account established in 7-6-2225.   History: En. Sec. 10, Ch. 672, L. 1989; amd. Sec. 2, Ch. 376, L. 1991; amd. Sec. 2, Ch. 616, L. 1991; amd. Sec. 37, Ch. 389, L. 1999; amd. Sec. 4, Ch. 464, L. 1999; amd. Sec. 5, Ch. 598, L. 2005; amd. Sec. 3, Ch. 442, L. 2009.
MT Code § 90-6-401 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 4. Hard-Rock Mining Impact Property Tax Base Sharing|90-6-401. Declaration of necessity and purpose

  90-6-401. Declaration of necessity and purpose. The commencement of new large-scale hard-rock mineral developments often results in revenue disparities among adjacent local government units. This occurs primarily when a mine that locates in one taxing jurisdiction causes population influxes in neighboring jurisdictions. The result can be that some jurisdictions will experience a need to increase expenditures and receive no corresponding increase in revenue, while others will experience an increase in revenue and receive no comparable increase in expenditures. There is therefore a need to allocate the increase in property tax base resulting from the development and operation of new large-scale mines so that property tax revenues will be equitably distributed among affected local government units.   History: En. Sec. 1, Ch. 635, L. 1983.
MT Code § 90-6-402 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 4. Hard-Rock Mining Impact Property Tax Base Sharing|90-6-402. Definitions

  90-6-402. Definitions. As used in this part, the following definitions apply:   (1) "Affected local government unit" means a local government unit that will experience a need to increase services or facilities as a result of the commencement of large-scale mineral development or within which a large-scale mineral development is located in accordance with an impact plan adopted pursuant to 90-6-307.   (2) "Board" means the hard-rock mining impact board established in 2-15-1822.   (3) "Jurisdictional revenue disparity" means property tax revenues resulting from a large-scale hard-rock mineral development that are inequitably distributed among affected local government units as finally determined by the board in an approved impact plan.   (4) "Large-scale mineral development", for the purposes of this part, is defined in 90-6-302.   (5) "Local government unit", for the purposes of this part, means a county, municipality, or school district.   (6) "Mineral development employee" means a person who resides within the jurisdiction of an affected local government unit as a result of employment with a large-scale mineral development or its contractors or subcontractors.   (7) "Mineral development student" means a student whose parent or guardian resides within the jurisdiction of an affected local government unit as a result of employment with a large-scale mineral development or its contractors or subcontractors.   (8) "Taxable valuation" of a mineral development means the total of the gross proceeds taxable percentage specified in 15-6-132(2) when added to the taxable percentages of real property, improvements, machinery, equipment, and other property classified under Title 15, chapter 6, part 1.   History: En. Sec. 2, Ch. 635, L. 1983; amd. Sec. 88, Ch. 11, Sp. L. June 1989.
MT Code § 90-6-403 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 4. Hard-Rock Mining Impact Property Tax Base Sharing|90-6-403. Jurisdictional revenue disparity -- conditioned exemption and reallocation of certain taxable valuation

  90-6-403. Jurisdictional revenue disparity -- conditioned exemption and reallocation of certain taxable valuation. (1) When an impact plan for a large-scale mineral development approved pursuant to 90-6-307 identifies a jurisdictional revenue disparity, the board shall promptly notify the developer, all affected local government units, and the department of revenue of the disparity. Except as provided in 90-6-404 and this section, the increase in taxable valuation of the mineral development that occurs after the issuance and validation of a permit under 82-4-335 is not subject to the usual application of county and school district property tax mill levies. This increase in taxable valuation must be allocated to local government units as provided in 90-6-404. The increase in taxable valuation allocated as provided in 90-6-404 is subject to 15-10-420 and the application of property tax mill levies in the local government unit to which it is allocated. The increase in taxable valuation allocated to the local government unit is considered newly taxable property in the recipient local government unit as provided in 15-10-420.   (2) Subject to 15-10-420, the total taxable valuation of a large-scale mineral development remains subject to the statewide mill levies and basic county levies for elementary and high school BASE funding programs as provided in 20-9-331 and 20-9-333.   (3) The provisions of subsection (1) remain in effect until the large-scale mineral development ceases operations or until the existence of the jurisdictional revenue disparity ceases, as determined by the board.   History: En. Sec. 3, Ch. 635, L. 1983; amd. Sec. 5, Ch. 311, L. 1987; amd. Sec. 55, Ch. 633, L. 1993; amd. Sec. 164, Ch. 584, L. 1999.
MT Code § 90-6-404 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 4. Hard-Rock Mining Impact Property Tax Base Sharing|90-6-404. Allocation of taxable valuation for local taxation purposes

  90-6-404. Allocation of taxable valuation for local taxation purposes. When property of a large-scale mineral development is subject to the provisions of 90-6-403, the increase in taxable valuation must be allocated by the department of revenue as follows:   (1) The local government unit in which the ore body or the mineral deposit being mined is located must be allocated 20% of the total increase in taxable valuation of the gross proceeds.   (2) The remaining increase in taxable valuation of the mineral development must be allocated between affected counties and affected municipalities according to the following formula based on the place of residence of mineral development employees:   (a) A portion, not to exceed 20%, to affected municipalities, based on that percentage of the total number of mineral development employees that reside within municipal boundaries. The taxable valuation allocated to affected municipalities must be distributed to each municipality according to its percentage of the total number of mineral development employees who reside within municipal boundaries. That portion of the taxable valuation distributed to a municipality pursuant to this section is subject to the same county mill levy as other taxable properties located in the municipality.   (b) The remaining portion of the taxable valuation must be distributed to each affected county according to its percentage of the total number of mineral development employees that reside within the county.   (3) The increase in taxable valuation equal to that subject to subsection (2) must be distributed pro rata among each affected high school district according to the percentage of the total number of mineral development high school students that reside within each district.   (4) The increase in taxable valuation equal to that subject to subsection (2) must be distributed pro rata among each affected elementary school district according to the percentage of the total number of mineral development elementary school students that reside within each district.   (5) The distribution formula specified in subsections (2) through (4) may be modified by an impact plan approved as provided in 90-6-307 or amended as provided in 90-6-311, if the modification is needed in order to ensure a reasonable correspondence between the occurrence of increased costs resulting from the mineral development and the allocation of taxable valuation resulting from the mineral development.   History: En. Sec. 4, Ch. 635, L. 1983; amd. Sec. 1, Ch. 760, L. 1991; amd. Sec. 5, Ch. 464, L. 1999.
MT Code § 90-6-405 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 4. Hard-Rock Mining Impact Property Tax Base Sharing|90-6-405. Employee surveys

  90-6-405. Employee surveys. (1) Each large-scale mineral development subject to the provisions of 90-6-403 and 90-6-404 shall, on or before May 1 of each year, conduct a survey of its employees and promptly submit a report of its findings to the department of revenue. The report must include:   (a) the number of mineral development employees residing within each affected county;   (b) the number of mineral development employees residing within each affected municipality;   (c) the number of mineral development students residing in each affected high school district; and   (d) the number of mineral development students residing in each affected elementary school district.   (2) The initial allocation of the increase in taxable valuation made as provided in 90-6-403 and 90-6-404 shall be made on the basis of the place of residence of employees and the district of enrollment of students as projected in the approved impact plan for that period of time between the issuance and validation of the permit and the submission of an employee survey as provided for in this section.   History: En. Sec. 5, Ch. 635, L. 1983.
MT Code § 90-6-501 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 5. Reverse Annuity Mortgage Loan|90-6-501. Short title

  90-6-501. Short title. This part may be cited as the "Reverse Annuity Mortgage Loan Act".   History: En. Sec. 1, Ch. 178, L. 1989.
MT Code § 90-6-502 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 5. Reverse Annuity Mortgage Loan|90-6-502. Purpose

  90-6-502. Purpose. Many elderly citizens in Montana own their own homes and have little or no remaining mortgage debt. Many of these home owners are persons of lower income who would benefit from an additional income source from the use of the equity in their homes. The legislature finds that reverse annuity mortgage loans would enable elderly home owners to provide more substantially for their own in-home support and specialized care. The purpose of this part is to:   (1) establish a reverse annuity mortgage loan program within the board of housing;   (2) authorize the board to make reverse annuity mortgage loans;   (3) counsel, assist, and protect elderly home owners who wish to obtain a reverse annuity mortgage loan; and   (4) administer a reverse annuity mortgage loan program that does not jeopardize the mortgagor's eligibility for medicaid and other means-tested programs.   History: En. Sec. 2, Ch. 178, L. 1989.
MT Code § 90-6-503 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 5. Reverse Annuity Mortgage Loan|90-6-503. Definitions

  90-6-503. Definitions. As used in this part, unless the context requires otherwise, the following terms apply:   (1) "Mortgage" means a mortgage as defined in 90-6-103.   (2) "Mortgagee" means the holder of a mortgage or its assignee.   (3) "Mortgagor" means a person:   (a) who is of lower income as determined by the board. In its determination of lower income, the board shall take into consideration the criteria in 90-6-103(16).   (b) 68 years of age or older, except as provided on a case-by-case basis in accordance with program guidelines established by the board of housing;   (c) who is the owner and occupant of a single-family dwelling; and   (d) who has completed a reverse annuity mortgage counseling program approved by the board.   (4) "Reverse annuity mortgage loan" means a loan in which loan proceeds are advanced to the mortgagor to provide a monthly tax-free cash payment for 10 years.   (5) "Single-family dwelling" means a one- to four-family living unit.   History: En. Sec. 3, Ch. 178, L. 1989; amd. Sec. 1, Ch. 39, L. 1997.
MT Code § 90-6-504 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 5. Reverse Annuity Mortgage Loan|90-6-504. Reverse annuity mortgage loan program

  90-6-504. Reverse annuity mortgage loan program. The board may make reverse annuity mortgage loans that are secured by a single-family dwelling located in this state. The loans must be made under terms and conditions adopted by the board pursuant to its authority under 90-6-104.   History: En. Sec. 4, Ch. 178, L. 1989.
MT Code § 90-6-505 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 5. Reverse Annuity Mortgage Loan|90-6-505. Mortgage requirements

  90-6-505. Mortgage requirements. (1) Any mortgage securing payments made by a mortgagee to a mortgagor pursuant to a reverse annuity mortgage loan must be sufficiently definite, certain, and valid to secure all money actually advanced pursuant to and in accordance with its terms. The mortgage must secure money advanced at or subsequent to closing of the loan, up to but not exceeding the full amount of the loan. A reverse annuity mortgage has the same priority as if all money had been advanced at the time the mortgage was delivered. The mortgage must include but not be limited to the following:   (a) a statement that it is a reverse annuity mortgage loan;   (b) the full amount of the loan authorized;   (c) a statement of the dates on which advancements are to be made and the amounts of such advancements; and   (d) the events that will give rise to the maturity of the loan.   (2) The mortgagee and the mortgagor may modify the advancement dates in the mortgage by a statement signed by all parties to the mortgage and properly recorded with the original mortgage instrument. The modification may not limit or otherwise affect the priority of the mortgage.   History: En. Sec. 6, Ch. 178, L. 1989.
MT Code § 90-6-506 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 5. Reverse Annuity Mortgage Loan|90-6-506. Repayment or termination of reverse annuity mortgage loan

  90-6-506. Repayment or termination of reverse annuity mortgage loan. (1) The mortgagor shall repay the reverse annuity mortgage loan as provided in this section.   (2) Repayment of any part of the reverse annuity mortgage loan is not required prior to the maturity of the loan and while the mortgagor resides on the secured property. The mortgagor may pay the outstanding loan balance in full at any time without penalty.   (3) The reverse annuity mortgage loan matures, advances under a reverse annuity mortgage loan terminate, and the entire unpaid balance of the loan plus accrued interest becomes due and payable only upon the occurrence of any of the following events:   (a) the death of the last surviving mortgagor;   (b) the sale or other transfer of the secured property to a person other than any of the original mortgagors;   (c) vacation of the secured property by the mortgagor, whether voluntarily, involuntarily, or pursuant to legal process; or   (d) any other occurrence that materially decreases the value of the property securing the loan or that will have the likely effect of causing the loan to not be repaid.   (4) Any occurrence allowing the termination of a loan as provided in subsection (3)(d) must be clearly recited in the mortgage, deed of trust, or trust indenture.   (5) Payment of the reverse annuity mortgage loan may not be required from any source other than the secured property.   History: En. Sec. 5, Ch. 178, L. 1989.
MT Code § 90-6-507 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 5. Reverse Annuity Mortgage Loan|90-6-507. Rulemaking authority

  90-6-507. Rulemaking authority. The board shall adopt all procedural and substantive rules necessary for the administration of this part, including rules required to secure, implement, and administer the reverse annuity mortgage loan program.   History: En. Sec. 7, Ch. 178, L. 1989.
MT Code § 90-6-601 (2021)
2021 Montana Code Annotated|Title 90. Planning, Research, and Development|Chapter 6. Community Impact -- Planning and Abatement|Part 6. Veterans' Home Loan Mortgage Program|90-6-601. Short title

  90-6-601. Short title. This part may be cited as the "Montana Veterans' Home Loan Mortgage Program Act".   History: En. Sec. 1, Ch. 349, L. 2011.