Montana Code 77-4-127. Disposition of royalties and other receipts
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77-4-127. Disposition of royalties and other receipts. (1) The department shall credit fees collected under geothermal leases to the general fund.
Terms Used In Montana Code 77-4-127
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(2)All rentals, penalties, and bonuses shall be credited to the income fund of the grant to which the lands under each lease belong.
(3)All moneys collected as royalties shall be credited to the permanent fund arising from the grant to which the land under each particular lease belongs.