69-3-843. Fund administrator — commission rulemaking authority. (1) A fiscal agent and daily administrator must be selected by the commission to receive and distribute funds under 69-3-841, 69-3-842, 69-3-844, 69-3-845, and this section.

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Montana Code 69-3-843

  • carrier: means any provider of telecommunications services. See Montana Code 69-3-803
  • Commission: means the public service commission. See Montana Code 69-3-803
  • Contract: A legal written agreement that becomes binding when signed.
  • Fund: means the universal service fund established in 69-3-842. See Montana Code 69-3-803
  • Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
  • Telecommunications: means the transmission, between or among points specified by the user, of information of the user's choosing without a change in the form or content of the information upon receipt. See Montana Code 69-3-803

(2)The fiscal agent must be selected by the commission based upon a competitive bidding process after an opportunity for public comment on the specific qualifications required of the fiscal agent. A telecommunications carrier is not eligible to be the fiscal agent. The duties of the fiscal agent must be determined by a contract consistent with 69-3-841, 69-3-842, 69-3-844, 69-3-845, and this section. The contract term of the fiscal agent may not be for a period greater than 3 years.

(3)The commission may adopt rules for the administration of the fund.