The bill amends Section 17-6-105 of the Montana Code Annotated to allow state agencies to deposit cash and total collections less frequently, changing the requirement from weekly to every 14 days. Specifically, state agencies will now be required to deposit money, credits, evidences of indebtedness, and securities when the accumulated amount exceeds $200 or total collections exceed $750, but only every 14 days instead of weekly. This change aims to provide greater flexibility for state agencies in managing their cash flow and deposit schedules.

Additionally, the bill allows agencies to propose modified deposit schedules that differ from the standard requirements, provided they include proposed internal controls. The department will review these proposals to ensure they meet financial interests and maximize state assets. If approved by both the department and the board of investments, agencies can implement their proposed schedules. The bill is set to take effect immediately upon passage and approval.

Statutes affected:
LC Text: 17-6-105
SB0009_1(1): 17-6-105
SB0009_1(2): 17-6-105
SB0009_1(3): 17-6-105
SB0009_1(4): 17-6-105
SB0009_1(5): 17-6-105
SB0009_1(6): 17-6-105
SB0009_1(7): 17-6-105
SB0009_1: 17-6-105
SB0009_2(1): 17-6-105
SB0009_2(10): 17-6-105
SB0009_2(11): 17-6-105
SB0009_2(2): 17-6-105
SB0009_2(3): 17-6-105
SB0009_2(4): 17-6-105
SB0009_2(5): 17-6-105
SB0009_2(6): 17-6-105
SB0009_2(7): 17-6-105
SB0009_2(8): 17-6-105
SB0009_2(9): 17-6-105
SB0009_2: 17-6-105
SB0009_3: 17-6-105
SB0009_X(1): 17-6-105
SB0009_X(2): 17-6-105
SB0009_X(3): 17-6-105
SB0009_X(4): 17-6-105
SB0009_X(5): 17-6-105
SB0009_X: 17-6-105