The 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. This includes both direct and indirect assistance, which can take various forms such as grants, contracts, and loans. The report must detail the amount of financial assistance distributed, the recipients, and the purpose of the funding. The Office of Budget and Program Planning is then required to compile these reports into a comprehensive annual report, which must be submitted electronically to the State-Tribal Relations Committee, the Legislative Finance Committee, and the Office of the State Director of Indian Affairs. Additionally, the compiled report will be made available on the website of the Office of State Director of Indian Affairs.

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. The deadline for designated state agencies to submit their reports has been changed from August 15 to November 1, while the deadline for the Office of Budget and Program Planning to submit the compiled report has been moved from September 1 to December 1. These changes aim to enhance transparency and accountability regarding the financial support provided to tribal entities in Montana. The bill is set to take effect on July 1, 2025.