ARM 36.25.802

ARM 36.25.802. LAND BANKING TRANSACTION COSTS

SupersededLast amended: 2004Length: 95 wordsOfficial source

Cite as Mont. Admin. R. 36.25.802

(1) Except as provided in 77-2-362 (2) (c) , MCA, the department may use up to 10% of the proceeds deposited in the land bank fund to pay costs of transactions, as provided in 77-2-362 (2) (b) , MCA. (2) The department may not be compensated for transaction costs of services performed by department staff. (3) The department shall: (a) maintain a record of each transaction; (b) summarize transaction costs at the completion of each sale or acquisition; and (c) include an accounting of transaction costs in the report required by 77-2-366 (2) , MCA.
ARM 36.25.802: ARM 36.25.802. LAND BANKING TRANSACTION COSTS | Justis AI