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Current as of January 01, 2024 | Updated by Findlaw Staff
As used in 17-8-106, the following definitions apply:
(1) “Montana total personal income” means the current income from all sources received during a particular period of time by persons residing within Montana as determined by the United States department of commerce or its successor agency.
(2) “State expenditures” means the general fund appropriations, the special revenue fund type appropriations, and the cash portion of the appropriations in the capital projects fund type, excluding:
(a) money received from the federal government;
(b) payments of principal and interest on bonded indebtedness;
(c) money paid for unemployment or disability insurance benefits;
(d) money received from the sale of goods or services provided that the purchase of the goods or services is discretionary;
(e) money paid from permanent endowments, constitutional trusts, or pension funds;
(f) proceeds of gifts or bequests made for purposes specified by the donor;
(g) money appropriated for tax relief; and
(h) funds transferred within state government or used to purchase goods for resale.
Cite this article: FindLaw.com - Montana Title 17. State Finance § 17-8-105. Definitions applicable to expenditure limitation - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-17-state-finance/mt-st-17-8-105/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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