90-1-205. Economic development special revenue account. (1) There is an economic development state special revenue account. The account receives earnings from the big sky economic development fund as provided in 17-5-703. The money in the account may be used only as provided in this part.
(2) The money in the account is statutorily appropriated, as provided in 17-7-502, to the department. Of the money that is deposited in the account that is not used for administrative expenses or for other economic development purposes:
(a) 75% must be allocated for distribution to local governments and tribal governments to be used for job creation efforts; and
(b) 25% must be allocated for distribution to certified regional development corporations, economic development organizations that are located in a county that is not part of a certified regional development corporation, and tribal governments.
History: En. Sec. 6, Ch. 588, L. 2005; amd. Sec. 5, Ch. 460, L. 2009; amd. Sec. 18, Ch. 6, Sp. L. November 2017; amd. Sec. 1, Ch. 558, L. 2021; amd. Sec. 9, Ch. 563, L. 2021.