The bill amends Section 17-6-105 of the Montana Code Annotated to allow state agencies to deposit cash that does not exceed $200 and total collections that do not exceed $750 every 14 days, rather than the previous requirement of weekly deposits. This change aims to provide greater flexibility for state agencies in managing their cash flow and deposit schedules. The bill also maintains the requirement that all money, credits, evidences of indebtedness, and securities received by a state agency must be deposited with the state treasurer or an approved depository when the accumulated amount exceeds the specified limits.

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, the agency can implement the modified schedule. 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