{"data":{"id":"us-mt/20-9-635","jurisdiction":"us-mt","citation":"20-9-635","heading":"Natural resource development K-12 school facilities payment.","body":"(1) The natural resource development K-12 school facilities payment replaces the former natural resource development K-12 funding payment as a means to provide local property tax relief by supporting school district facility needs.\n(2) The legislature intends the natural resource development K-12 school facilities payment to be a general fund appropriation to support school major maintenance aid pursuant to 20-9-525 and debt service assistance pursuant to 20-9-371 that is calculated as the greater of:\n(a) $10 million increased by an inflationary adjustment calculated as provided in 20-9-326 applied in fiscal year 2024 and in each succeeding fiscal year; or\n(b) 5% of the oil and natural gas production taxes deposited in the general fund pursuant to 15-36-331(4) for the fiscal year occurring 2 fiscal years prior to the fiscal year of the payment.","path":["TITLE 20. EDUCATION","CHAPTER 9. FINANCE","Part 6. Public School Fund and Grants to Schools"],"source_url":"https://mca.legmt.gov/bills/mca/title_0200/chapter_0090/part_0060/section_0350/0200-0090-0060-0350.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:49:30Z","sha256":"f29177045a527b61cef0f5c80de252256cdd6ef38db51781f6c5af2ffe04b52e","source_id":"us-mt","stale":false,"prev":"us-mt/20-9-633","next":"us-mt/20-9-636"},"notice":"GroundRules: Original legal text. Not legal advice."}