Section 11.
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All money in any of the separate and integral funds constituting the Montana trust and legacy fund and the interest apportioned therefrom, shall be subject to payment to the person, institution, or other entity entitled thereto, without appropriation by the legislative assembly, upon proper authorization as provided by law.
The State shall be entitled to receive as compensation for the administration of all the funds administered under this act one twentieth (1/20) of all the interest collected thereon each year. On the last day of December of each year, the State Treasurer shall transfer to the State General Fund such one twentieth (1/20) of all the interest collected during the year, less all the losses ascertained during the year, which losses shall be deducted from the one twentieth constituting the compensation of the State. The balance of the interest collected shall be the net earnings and shall be credited pro rata to each and every fund constituting the Montana Trust and Legacy Fund that was in the keeping of the State on January 1st of that year, based on the total thereof on that date, and shall be added to each fund, or held available for the beneficiaries as the case may be. Sums due beneficiaries shall be paid out during the ensuing month of January, as far as practicable.