Montana Code 19-7-402. Sources of money in fund
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19-7-402. Sources of money in fund. The following money must be paid to the board, which shall credit the payments to the pension trust fund:
Terms Used In Montana Code 19-7-402
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
(1)all contributions by the various counties as required by this chapter;
(2)all contributions by members as required by this chapter;
(3)all interest on and increase of the investments and money under this chapter; and
(4)any supplemental appropriation or revenue from a source or sources approved by the legislature or money received directly from the federal government for funding of law enforcement retirement systems.