reglab/housing_qa huggingface dataset:
MT Code § 20-9-503 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-503. Budgeting, tax levy, and use of building reserve fund

  20-9-503. Budgeting, tax levy, and use of building reserve fund. (1) Whenever an annual building reserve authorization to budget is available to a district, the trustees shall include the authorized amount in the building reserve fund of the final budget. The county superintendent shall report the amount as the building reserve fund levy requirement to the county commissioners by the later of the first Tuesday in September or within 30 calendar days after receiving certified taxable values, and a levy on the district must be made by the county commissioners in accordance with 20-9-142.   (2) The trustees of any district maintaining a building reserve fund may:   (a) pledge the revenue from the building reserve fund levy for up to 15 years to repay loans used only for projects authorized by the electors of the district pursuant to 20-9-502.   (b) expend money from the fund for the purpose or purposes for which it was authorized without the specific expenditures being included in the final budget when, in their discretion, there is a sufficient amount of money to begin the authorized projects. The expenditures may not invalidate the district's authority to continue the annual imposition of the building reserve taxation authorized by the electors of the district.   (3) Whenever there is money credited to the building reserve fund for which there is no immediate need, the trustees may invest the money in accordance with 20-9-213(4). The interest earned from the investment must be credited to the building reserve fund or the debt service fund, at the discretion of the trustees, and expended for any purpose authorized by law for the fund.   History: En. 75-7206 by Sec. 345, Ch. 5, L. 1971; R.C.M. 1947, 75-7206; amd. Sec. 10, Ch. 133, L. 1993; amd. Sec. 2, Ch. 23, L. 1997; amd. Sec. 11, Ch. 211, L. 1997; amd. Sec. 17, Ch. 152, L. 2011; amd. Sec. 2, Ch. 1, L. 2017.
MT Code § 20-9-504 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-504. Extracurricular fund for pupil functions

  20-9-504. Extracurricular fund for pupil functions. (1) The trustees of a district may establish an extracurricular fund for the purposes of receiving and expending money collected for pupil extracurricular functions. All extracurricular money of a pupil organization of the school must be deposited and expended by check from a bank account maintained for the extracurricular fund.   (2) An accounting system for the extracurricular fund recommended by the superintendent of public instruction must be implemented by the trustees. The accounting system must provide for:   (a) the internal control of the cash receipts and expenditures of the money; and   (b) a general account that can be reconciled with the bank account for the extracurricular fund and reconciled with the detailed accounts within the extracurricular fund maintained for each student function.   (3) The trustees may invest any excess money in the extracurricular fund in accordance with the provisions of 20-9-213(4). Interest earned as a result of the investments may either be:   (a) credited to a general operating account within the fund to be used to offset expenses incurred in administering the fund; or   (b) distributed to the fund from which the money was withdrawn for investment.   History: En. 75-6323 by Sec. 136, Ch. 5, L. 1971; amd. Sec. 1, Ch. 349, L. 1971; amd. Sec. 1, Ch. 218, L. 1973; amd. Sec. 17, Ch. 380, L. 1975; R.C.M. 1947, 75-6323; amd. Sec. 7, Ch. 274, L. 1981; amd. Sec. 1, Ch. 287, L. 1983; amd. Sec. 40, Ch. 767, L. 1991; amd. Sec. 1, Ch. 38, L. 2013.
MT Code § 20-9-505 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-505. Purpose and establishment of nonoperating fund

  20-9-505. Purpose and establishment of nonoperating fund. (1) The trustees of a district that will not operate a school during the ensuing school fiscal year shall establish a nonoperating fund on the first day of the school fiscal year. In establishing the nonoperating fund, the trustees shall cause the transfer of the end-of-the-year fund balance of each fund maintained by the district during the immediately preceding school fiscal year to the nonoperating fund. However, fund balances of the debt service fund and the miscellaneous programs fund, if any, must be maintained in their individual funds.   (2) The trustees of a district establishing a nonoperating fund for the first year of nonoperation may earmark a portion of the nonoperating fund balance as a nonoperating fund operating reserve when they anticipate the reopening of a school in the following school fiscal year. The operating reserve may not be more than the general fund operating reserve designated for the immediately preceding school fiscal year. If a school is not operated in the following school fiscal year, the authority of the trustees to earmark a nonoperating fund operating reserve terminates and the money earmarked as an operating reserve must be used to reduce the levy requirement of the nonoperating fund. If the trustees acquire approval to reopen a school in the following school fiscal year under the provisions of 20-6-502 or 20-6-503 and operate the school, the nonoperating fund operating reserve must be restored as the general fund operating reserve.   (3) The purpose of the nonoperating fund is to centralize the financing and budgeting for the limited functions of a district not operating a school. The functions include:   (a) elementary tuition obligations to other districts;   (b) transportation of the resident pupils;   (c) maintenance of district-owned property; and   (d) any other nonoperating school function of the district considered necessary by the trustees or required by law.   (4) Any expenditure of nonoperating fund money must be made in accordance with the financial administration provisions of this title for a budgeted fund.   History: En. 75-7209 by Sec. 348, Ch. 5, L. 1971; R.C.M. 1947, 75-7209; amd. Sec. 41, Ch. 767, L. 1991.
MT Code § 20-9-506 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-506. Budgeting and net levy requirement for nonoperating fund

  20-9-506. Budgeting and net levy requirement for nonoperating fund. (1) The trustees of any district that does not operate a school or will not operate a school during the ensuing school fiscal year shall adopt a nonoperating school district budget in accordance with the school budgeting provisions of this title. The nonoperating budget must contain the nonoperating fund and, when appropriate, a debt service fund. The nonoperating budget form must be promulgated and distributed by the superintendent of public instruction under the provisions of 20-9-103.   (2) After the adoption of a final budget for the nonoperating fund, the county superintendent shall compute the net levy requirement for the fund by subtracting from the amount authorized by the budget the sum of:   (a) the end-of-the-year cash balance of the nonoperating fund or, if it is the first year of nonoperation, the cash balance determined under the transfer provisions of 20-9-505;   (b) the estimated state and county transportation reimbursements; and   (c) any other money that may become available during the ensuing school fiscal year.   (3) The county superintendent shall report the net nonoperating fund levy requirement and any net debt service fund levy requirement determined under the provisions of 20-9-439 to the county commissioners on or before the later of the first Tuesday in September or within 30 calendar days after receiving certified taxable values, and the county commissioners shall impose the required levies on the district in accordance with 20-9-142.   History: En. 75-7210 by Sec. 349, Ch. 5, L. 1971; R.C.M. 1947, 75-7210; amd. Sec. 11, Ch. 133, L. 1993; amd. Sec. 18, Ch. 152, L. 2011.
MT Code § 20-9-507 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-507. Miscellaneous programs fund

  20-9-507. Miscellaneous programs fund. (1) The trustees of a district receiving money from local, state, federal, or other sources provided in 20-5-324, other than money under the provisions of impact aid, as provided in 20 U.S.C. 7701, et seq., or federal money designated for deposit in a specific fund of the district, shall establish a miscellaneous programs fund for the deposit of the money. The money may be a reimbursement of miscellaneous program fund expenditures already realized by the district, indirect cost recoveries, or a grant of money for the financing of expenditures to be realized by the district for a special, approved program to be operated by the district. When the money is a reimbursement, the money may be expended at the discretion of the trustees for school purposes. When the money is a grant, the money must be expended according to the conditions of the program approval by the superintendent of public instruction or any other approval agent. Within the miscellaneous programs fund, the trustees shall maintain a separate accounting for each local, state, or federal grant project and the indirect cost recoveries.   (2) The financial administration of the miscellaneous programs fund must be in accordance with the financial administration provisions of this title for a nonbudgeted fund.   History: En. 75-7212 by Sec. 351, Ch. 5, L. 1971; R.C.M. 1947, 75-7212; amd. Sec. 5, Ch. 310, L. 1979; amd. Sec. 42, Ch. 767, L. 1991; amd. Sec. 8, Ch. 466, L. 1993; amd. Sec. 15, Ch. 563, L. 1993; amd. Sec. 37, Ch. 633, L. 1993; amd. Sec. 44, Ch. 451, L. 1995; amd. Sec. 26, Ch. 22, L. 1997; amd. Sec. 14, Ch. 554, L. 1999; amd. Sec. 2, Ch. 356, L. 2001; amd. Sec. 18, Ch. 418, L. 2011; amd. Sec. 3, Ch. 46, L. 2013.
MT Code § 20-9-508 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-508. Building fund

  20-9-508. Building fund. (1) The trustees of a district shall establish or credit the building fund whenever the district:   (a) issues and sells bonds under the school district bonding provisions of this title for purposes other than refunding bonds of the district;   (b) receives federal money for the express purpose of building, enlarging, or remodeling a school building or other building of the district;   (c) sells property of the district in accordance with the law authorizing the sale;   (d) earns interest from the investment of building fund money under the provisions of 20-9-213(4), except that interest earned from the investment of bond money under the provisions of 20-9-435 must be credited to a fund in accordance with that section; or   (e) receives any other money, including payments made by a developer under the provisions of 20-9-615, for the express purpose of building, enlarging, or remodeling a school building or other building of the district.   (2) The financial administration of the building fund must be in accordance with the financial administration provisions of this title for a nonbudgeted fund and must provide for a separate accounting of the money realized by each bond issue or by each construction project financed by a federal grant of money. Any other money deposited to the credit of this fund must be expended for building, enlargement, remodeling, or repairing of buildings of the district at the discretion of the trustees.   (3) Money credited to the building fund under the provisions of subsection (1)(a) must be expended for the express purpose or purposes authorized by the bond proposition approved at the election authorizing the issuance of the bonds. Any money realized by the sale of bonds and remaining to the credit of the building fund after the full accomplishment of the purpose for which the bonds were sold must be transferred to the debt service fund to be used for the redemption of the bonds.   (4) Money credited to the building fund under the provisions of subsection (1)(b) must be expended for the express purpose or purposes authorized by the federal government in granting the money.   History: En. 75-7213 by Sec. 352, Ch. 5, L. 1971; R.C.M. 1947, 75-7213; amd. Sec. 3, Ch. 506, L. 1995; amd. Sec. 12, Ch. 343, L. 1999.
MT Code § 20-9-509 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-509. Lease or rental agreement fund

  20-9-509. Lease or rental agreement fund. (1) The trustees of any district that provides pupil or teacher housing in district-owned buildings under a lease or rental agreement with pupils or teachers or receives money under the provision of 20-6-607 may establish a lease or rental agreement fund. All money received from the lease or rental agreements may be deposited with the county treasurer to the credit of the lease or rental agreement fund, general fund, the debt service fund, or any other appropriate fund. Whenever the end-of-the-year cash balance of a lease or rental agreement fund is more than $10,000 for an elementary or high school district or $20,000 for a K-12 district, the cash balance in excess of this limit must be transferred to the general fund of the district.   (2) Any expenditure of money from a lease or rental agreement fund must be made for the maintenance and operation of the district-owned buildings to which the lease or rental agreements apply or for the acquisition of additional housing or dormitory facilities. The financial administration of the lease or rental agreement fund must be in accordance with the financial administration provisions of this title for a nonbudgeted fund.   History: En. 75-7214 by Sec. 353, Ch. 5, L. 1971; amd. Sec. 1, Ch. 88, L. 1973; amd. Sec. 4, Ch. 424, L. 1977; R.C.M. 1947, 75-7214; amd. Sec. 1, Ch. 58, L. 1983; amd. Sec. 1, Ch. 135, L. 1987; amd. Sec. 27, Ch. 22, L. 1997.
MT Code § 20-9-510 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-510. Traffic education fund

  20-9-510. Traffic education fund. The trustees of any district offering a state reimbursed traffic education program shall establish a traffic education fund under the provisions of 20-7-507. Such fund shall be a nonbudgeted fund and shall be financially administered under the provisions of this title for a nonbudgeted fund.   History: En. 75-7215 by Sec. 354, Ch. 5, L. 1971; R.C.M. 1947, 75-7215.
MT Code § 20-9-511 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-511. Interlocal cooperative fund

  20-9-511. Interlocal cooperative fund. The trustees of any district serving as a prime agency under an interlocal cooperative agreement shall establish an interlocal cooperative fund under the provisions of 20-9-703 for the financial administration of the interlocal cooperative agreement. Such fund shall be a nonbudgeted fund and shall be financially administered under the provisions of this title for a nonbudgeted fund.   History: En. 75-7216 by Sec. 355, Ch. 5, L. 1971; R.C.M. 1947, 75-7216.
MT Code § 20-9-512 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-512. Compensated absence liability fund

  20-9-512. Compensated absence liability fund. (1) The trustees of a school district may establish a compensated absence liability fund for the purpose of paying:   (a) any accumulated amount of sick leave that a nonteaching or administrative school district employee is entitled to upon termination of employment with the district in accordance with the provisions of 2-18-618; and   (b) any accumulated amount of vacation leave that a nonteaching or administrative school district employee is entitled to upon termination of employment with the district.   (2) The compensated absence liability fund may be used only for the stated purpose of this section.   (3) The trustees may transfer money from the general fund, within the adopted budget, to establish and maintain the compensated absence liability fund.   (4) The maximum amount in a reserve fund established under the provisions of subsections (1) and (3) may not exceed 30% of:   (a) the total school district liability for accumulated sick leave of nonteaching and administrative school district employees on June 30 of the current school fiscal year; and   (b) the total school district liability for accumulated vacation leave of nonteaching and administrative school district employees on June 30 of the current school fiscal year.   (5) For the purposes of this section, "administrative school district employee" means a school district employee who is employed in an administrative position and who accrues vacation leave as part of the employee's contract with the school district.   History: En. Sec. 1, Ch. 138, L. 1981; amd. Sec. 10, Ch. 568, L. 1991; amd. Sec. 1, Ch. 754, L. 1991; amd. Sec. 1, Ch. 129, L. 1995.
MT Code § 20-9-513 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-513. Repealed

  20-9-513. Repealed. Sec. 94, Ch. 11, Sp. L. June 1989.   History: En. Sec. 1, Ch. 384, L. 1983; amd. Sec. 48, Ch. 281, L. 1983; amd. Sec. 24, Ch. 658, L. 1987.
MT Code § 20-9-514 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-514. Impact aid fund

  20-9-514. Impact aid fund. (1) The trustees of a district that receives federal funds under the provisions of impact aid, as provided in 20 U.S.C. 7701, et seq., shall establish an impact aid fund. Money received under the provisions of 20 U.S.C. 7701, et seq., must be deposited with the county treasurer to the credit of the impact aid fund.   (2) The expenditure of money from the impact aid fund must be made pursuant to 20 U.S.C. 7701, et seq. The impact aid fund must be administered pursuant to the financial administration provisions of this title for nonbudgeted funds.   History: En. Sec. 41, Ch. 633, L. 1993; amd. Sec. 28, Ch. 22, L. 1997.
MT Code § 20-9-515 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-515. Litigation reserve fund

  20-9-515. Litigation reserve fund. (1) The trustees of a school district may establish a litigation reserve fund only when litigation that is pending against the district could result in an award against the district.   (2) At the end of each school fiscal year, the trustees of a district may transfer money from the general fund, within the adopted budget, to establish the fund.   (3) Upon conclusion of litigation, the balance of the money in the fund reverts to the general fund and must be used to reduce the district's general fund BASE budget levy requirement computed pursuant to 20-9-141.   History: En. Sec. 1, Ch. 493, L. 1995.
MT Code § 20-9-516 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-516. School facility and technology account

  20-9-516. School facility and technology account. (1) There is a school facility and technology account in the state special revenue fund provided for in 17-2-102. The purpose of the account is to provide, contingent on appropriation from the legislature, funding for the following in priority order:   (a) school technology purposes as provided in 20-9-534; and   (b) state debt service assistance as provided in 20-9-371.   (2) There must be deposited in the account:   (a) an amount of money equal to the income 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; and   (b) the income received from certain lands and riverbeds as provided in 17-3-1003(5).   (3) If in any fiscal year the amount of revenue in the school facility and technology account is sufficient to fund debt service assistance without a proration reduction pursuant to 20-9-346(2)(b) and if in that same fiscal year the amount of revenue available in the school major maintenance aid account established in 20-9-525 will result in a proration reduction in school major maintenance aid pursuant to 20-9-525(5) for that fiscal year, the state treasurer shall transfer any excess funds in the school facility and technology account to the school major maintenance aid account not to exceed the amount required to avoid a proration reduction.   History: En. Sec. 8, Ch. 1, Sp. L. May 2007; amd. Sec. 14, Ch. 377, L. 2009; amd. Sec. 2, Ch. 371, L. 2011; amd. Sec. 19, Ch. 418, L. 2011; amd. Sec. 5, Ch. 17, L. 2013; amd. Sec. 7, Ch. 404, L. 2017; amd. Sec. 10, Ch. 6, Sp. L. November 2017.
MT Code § 20-9-517 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-517. Repealed

  20-9-517. Repealed. Sec. 2, Ch. 247, L. 2019.   History: En. Sec. 9, Ch. 418, L. 2011; amd. Sec. 5, Ch. 329, L. 2013; amd. Secs. 29, 30, Ch. 400, L. 2013; amd. Sec. 3, Ch. 432, L. 2015; amd. Sec. 3, Ch. 433, L. 2015; amd. Sec. 10, Ch. 336, L. 2017.
MT Code § 20-9-518 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-518. Repealed

  20-9-518. Repealed. Sec. 2, Ch. 247, L. 2019.   History: En. Sec. 10, Ch. 418, L. 2011; amd. Sec. 8, Ch. 329, L. 2013; amd. Sec. 3, Ch. 29, L. 2015; amd. Sec. 4, Ch. 433, L. 2015; amd. Sec. 11, Ch. 336, L. 2017.
MT Code § 20-9-519 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-519. reserved

  20-9-519 reserved.
MT Code § 20-9-520 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-520. Repealed

  20-9-520. Repealed. Sec. 2, Ch. 247, L. 2019.   History: En. Sec. 34, Ch. 400, L. 2013; amd. Sec. 4, Ch. 432, L. 2015; amd. Sec. 5, Ch. 433, L. 2015; amd. Sec. 12, Ch. 336, L. 2017.
MT Code § 20-9-521 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-521. Terminated

  20-9-521. Terminated. Sec. 43, Ch. 400, L. 2013.   History: En. Sec. 35, Ch. 400, L. 2013.
MT Code § 20-9-522 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-522. through 20-9-524 reserved

  20-9-522 through 20-9-524 reserved.
MT Code § 20-9-526 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-526. through 20-9-530 reserved

  20-9-526 through 20-9-530 reserved.
MT Code § 20-9-531 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-531. Repealed

  20-9-531. Repealed. Sec. 94, Ch. 11, Sp. L. June 1989.   History: En. Sec. 1, Ch. 635, L. 1987.
MT Code § 20-9-532 (2021)
2021 Montana Code Annotated|Title 20. Education|Chapter 9. Finance|Part 5. Special Purpose Funds|20-9-532. Repealed

  20-9-532. Repealed. Sec. 94, Ch. 11, Sp. L. June 1989.   History: En. Sec. 2, Ch. 635, L. 1987; amd. Sec. 10, Ch. 337, L. 1989.