Montana SB171 proposes transferring excess general fund revenue into the coal severance tax permanent fund.

Montana SB171 amends the budget stabilization reserve fund rules to transfer excess general fund revenue into the coal severance tax permanent fund. Specifically, 10% of the excess funds are directed to the coal severance tax permanent fund. The bill also outlines procedures for calculating and transferring excess revenue, ensuring the budget stabilization reserve fund and capital developments long-range building program account maintain specific percentages of general revenue appropriations.

Montana SB171 proposes transferring excess general fund revenue into the coal severance tax permanent fund.

Montana SB171 amends the budget stabilization reserve fund rules to transfer excess general fund revenue into the coal severance tax permanent fund. Specifically, 10% of the excess funds are directed to the coal severance tax permanent fund. The bill also outlines procedures for calculating and transferring excess revenue, ensuring the budget stabilization reserve fund and capital developments long-range building program account maintain specific percentages of general revenue appropriations.