Terms Used In Montana Code 20-9-343

• BASE: means base amount for school equity. See Montana Code 20-9-306
• BASE aid: means :

  (a)direct state aid for 44. See Montana Code 20-9-306

• BASE funding program: means the state program for the equitable distribution of the state's share of the cost of Montana's basic system of public elementary schools and high schools, through county equalization aid as provided in 20-9-331 and 20-9-333 and state equalization aid as provided in 20-9-343, in support of the BASE budgets of districts and special education allowable cost payments as provided in 20-9-321. See Montana Code 20-9-306
• interest and income money: means the total of the following revenue, as provided for by Article X, section 5, of the 1972 Montana constitution:

  (a)95% of the interest received from the investment of the public school fund;

  (b)95% of the interest received from the investment of any other school funds held in trust by the state board of land commissioners;

  (c)95% of the income received from the leasing of or sale of timber from state school lands; and

  (d)95% of any other income derived from any other covenant affecting the use of state school lands. See Montana Code 20-9-341

• State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
• state equalization aid: means revenue as required in this section for distribution to the public schools for guaranteed tax base aid, BASE aid, and state debt service assistance. See Montana Code 20-9-343
• Superintendent of public instruction: means that state government official designated as a member of the executive branch by the Montana constitution. See Montana Code 20-1-101