10.21.104    DISTRIBUTION OF GTBA

(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.

History: 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; NEW, 1990 MAR p. 507, Eff. 3/16/90; AMD, 1990 MAR p. 2276, Eff. 12/28/90; AMD, 1992 MAR p. 217, Eff. 2/14/92; AMD, 1994 MAR p. 1824, Eff. 7/8/94; AMD, 1996 MAR p. 2168, Eff. 8/9/96.