Administrative Rules of Montana
Department 10 - EDUCATION
Chapter 10.21 - GTBA AND FUNDING COMPONENTS
Subchapter 10.21.1 - GTBA
Rule 10.21.104 - DISTRIBUTION OF GTBA

Universal Citation: MT Admin Rules 10.21.104

Current through Register Vol. 18, September 20, 2024

(1) To calculate a county's GTBA on retirement fund mills and a district's GTBA for general fund mills, OPI will use the mill levies certified by county clerk and recorders unless the certified mills exceed the mills allowed by Title 20, chapter 9, MCA. If the certified mills are greater than the mills allowed by Title 20, MCA, OPI will only distribute GTBA on the mills allowed by Title 20, MCA.

(2) OPI will distribute GTBA to districts and counties that meet the requirements of 20-9-367, MCA, and ARM 10.21.101C in the manner provided by 20-9-344, MCA.

(3) County officials shall distribute GTBA received in support of elementary and high school retirement levies to all school districts within the county in the same manner as other revenues deposited in the elementary and high school retirement fund are distributed as provided in ARM 10.10.309.

20-9-102, 20-9-369, MCA; IMP, 20-9-366, 20-9-367, 20-9-368, 20-9-369, 20-9-370, 20-9-371, MCA;

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