This bill mandates that designated state agencies in Montana submit annual reports to the Office of Budget and Program Planning regarding financial assistance provided to tribal entities. The report must detail all financial assistance distributed directly or indirectly to tribal entities, including amounts, dates, purposes, and any overhead costs associated with the distribution. The Office of Budget and Program Planning is responsible for compiling these reports and submitting a comprehensive summary to various committees and the Office of the State Director of Indian Affairs, with the requirement that the report be posted on the director's website.

Key changes in the bill include the definition of "financial assistance," which now explicitly includes electronic benefit transfer cards, and the adjustment of reporting deadlines, moving the submission date for individual agency reports from August 15 to November 1, and the compilation report from September 1 to December 1. The bill also clarifies the information that must be included in the reports and establishes a clear framework for communication with tribal governments regarding the financial assistance provided. The effective date for the implementation of this act is set for July 1, 2025.