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 outlines the responsibilities of the state treasurer as the designated treasurer for all state agencies and institutions, ensuring that all money, credits, evidences of indebtedness, and securities are deposited appropriately.

Additionally, the bill allows agencies to propose modified deposit schedules that differ from the standard requirements, provided they demonstrate hardship due to peak processing times. The department will review these proposals alongside the board of investments to ensure adequate internal controls and the maximization of state assets. The act is set to take effect immediately upon passage and approval, streamlining the deposit process for state agencies while maintaining oversight and accountability.

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