Section 90-6-702 - PurposeThe purpose of the Montana coal endowment program is to assist local governments in funding infrastructure projects that will:
(1) create jobs for Montana residents;(2) promote economic growth in Montana by helping to finance the necessary infrastructure;(3) encourage local public facility improvements;(4) create a partnership between the state and local governments to make necessary public projects affordable;(5) support long-term, stable economic growth in Montana;(6) protect future generations from undue fiscal burdens caused by financing necessary public works;(7) coordinate and improve infrastructure financing by federal, state, local government, and private sources; and(8) enhance the quality of life and protect the health, safety, and welfare of Montana citizens.Amended by Laws 2021, Ch. 330,Sec. 6, eff. 10/1/2021.En. Sec. 2, Ch. 3, Sp. L. January 1992.