(HELENA). – Governor Greg Gianforte and The Montana Department of Natural Resources and Conservation (DNRC) announced Friday, the State of Montana reached $1 billion in permanent investment of state trust land revenues, reinforcing the state’s commitment to funding quality schools.
“Providing reliable funding for our K-12 schools is one of our top priorities, and DNRC continues to deliver results for the people of Montana,” Gov. Gianforte said. “Reaching this level of interest-earning permanent investment ensures greater predictability and certainty for Montana’s public schools.”
Permanent revenue consists of royalties on oil and gas leases, easements, and most timber sales. Permanent revenue is invested monthly and the interest earnings from that are distributed to the trust beneficiaries quarterly. Protected by the Montana Constitution, these funds are legally inviolate and cannot be spent or diverted, forming a lasting financial base for Montana’s public schools and state institutions.
