Montana Code 77-3-318. Disposition of royalties and other receipts
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77-3-318. Disposition of royalties and other receipts. All fees, rentals, royalties, and bonuses collected under state coal leases shall be paid to the department and credited as follows:
Terms Used In Montana Code 77-3-318
- 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
- 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
(1)All fees shall be credited to the state general fund.
(2)All rentals 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 grants to which the lands under lease belong.