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Montana Title 77. State Lands § 77-1-220. Offsetting purchases--proceeds--records

Current as of January 01, 2024 | Updated by Findlaw Staff

(1) To the extent practical and consistent with the board's powers and duties pursuant to 77-1-202, the board shall offset purchases made pursuant to 77-1-218, 77-1-219, and 77-1-229 by selling an equal amount of land.

(2) Proceeds received from offsetting sales may not be used for:

(a) purchasing additional lands; or

(b) the land banking process under 77-2-361 through 77-2-367.

(3) A separate record of the proceeds received from each sale of land must be maintained.

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Cite this article: FindLaw.com - Montana Title 77. State Lands § 77-1-220. Offsetting purchases--proceeds--records - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-77-state-lands/mt-st-77-1-220/

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