HOUSE BILL NO. 127
INTRODUCED BY J. KEANE
BY REQUEST OF THE DEPARTMENT OF TRANSPORTATION
AN ACT REQUIRING THE DEPARTMENT OF TRANSPORTATION TO MAKE IMMEDIATE DEPOSIT OF AIRCRAFT REGISTRATION FEES TO THE GENERAL FUND; AND AMENDING SECTION 67-3-205, MCA.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
Section 1. Section 67-3-205, MCA, is amended to read:
"67-3-205. Aircraft registration account -- source of funds -- allocation. (1) There is an account in the state special revenue fund to which must be credited all money received from fees paid in lieu of tax on aircraft, as required in this part 15-24-304 and 15-24-304 this part, and all penalties collected for registration violations, as provided in 67-3-202.
(2) Money in the account is allocated as follows:
(a) 90% to the state general fund; and
(b) 10% to the department for the purpose of administering and enforcing aircraft registration.
(3) The allocations required in subsection (2)(a) must be made twice annually when received by the department. The first allocation must be made between March 15 and March 30 and the second allocation must be made between July 1 and July 15.
(4) The allocation required in subsection (2)(b) must be made on July 1 of each year."
- END -
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