Posted: Aug 27, 2013 8:16 PM by Marnee Banks - MTN News
The U.S. Department of Interior announced it will not be cutting back mineral royalty payments to the state of Montana.
Due to federal budget cuts Montana was going to lose $2,500,000 in oil and gas revenue.
The state receives about 50 percent of all federal mineral royalty revenue and a quarter of that is returned to the county where the resource was extracted.
Earlier this month, Attorney General Tim Fox wrote a letter to the Department of Interior asking them to exempt this money from budget cuts.
On Tuesday, his office announced Montana will receive those funds at the end of September.