SB339

Montana SB339 revises the distribution of oil and natural gas production taxes and the allocation to the oil and gas production damage mitigation.

Montana SB339 revises the distribution of oil and natural gas production taxes and the allocation to the oil and gas production damage mitigation account. At the beginning of each biennium, $650,000 from the interest income of the resource indemnity trust fund must be allocated to the oil and gas production damage mitigation account. If the unobligated cash balance in the account is less than $1 million, an amount up to $650,000 must be allocated from the state special revenue fund. If the balance equals or exceeds $1 million, no allocation is made.