The bill revises the requirements for reporting actual costs associated with legislation that has projected fiscal impacts. It amends Section 5-4-208 of the Montana Code Annotated (MCA) to establish 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. The reports will include details such as the name of the bill, actual expenditures incurred during specified periods, and comparisons to projected costs from fiscal notes. Additionally, the bill specifies that reports must cover bills that have been in effect for at least one fiscal year and must be provided in an electronic format.

Furthermore, the bill repeals a termination date previously set for December 31, 2025, and eliminates Section 6 of Chapter 350 from the Laws of 2021. The effective date for this act is set for June 30, 2025. Overall, the changes aim to enhance the transparency and frequency of fiscal reporting for significant legislation in Montana.

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: 5-4-208