The bill amends Section 5-4-208 of the Montana Code Annotated to revise the requirements for reporting actual costs associated with legislation that has projected fiscal impacts. It establishes a biannual reporting schedule, requiring the office of budget and program planning to present reports to the legislative finance committee every February and October, rather than annually as previously mandated. The reports will include details such as the name of the bill, actual expenditures incurred during the specified periods, and comparisons to projected costs outlined in the fiscal notes.

Additionally, the bill repeals a termination date previously set for December 31, 2025, and removes a section from Chapter 350 of the Laws of 2021. The revised reporting requirements will ensure that the legislature receives timely and relevant financial information regarding significant expenditures, thereby enhancing fiscal accountability. The act is set to take effect on June 30, 2025.

Statutes affected:
LC Text: 5-4-208
HB0228_1(1): 5-4-208
HB0228_1(2): 5-4-208
HB0228_1(3): 5-4-208
HB0228_1(4): 5-4-208
HB0228_1(5): 5-4-208
HB0228_1(6): 5-4-208
HB0228_1: 5-4-208
HB0228_X: 5-4-208