# Montana HB 61: Revise inter-entity loan process Montana HB 61, Revise inter-entity loan process, is a 69th Legislature, Regular Session (2025) House bill sponsored by Gary Parry (Republican); status signed, last action 2025-03-27 (Chapter Number Assigned) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/MT-HB61-2025 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Montana HB 61 - State: Montana - Session: 69th Legislature, Regular Session (2025) - Title: Revise inter-entity loan process - Status: signed - Chamber: House - Introduced: 2024-12-18 - Last action: 2025-03-27, Chapter Number Assigned - Sponsor: Gary Parry (Republican) - Cosponsors: 1 - Subjects: State Government, State Finance, Rule Making - Touches household money: no - Roll calls: 4 (266 yes, 33 no in all) - Economic provisions PRIA read: 5 ## Summary No summary available. ## Bill overview: provisions PRIA read - Reports on repeated loans or deficits: benefit, low. If the same accounting entity gets a loan or loan extension at two straight fiscal year-ends, the department or commissioner must report by September 1. The report explains why, reviews solvency, and includes a repayment plan, filed electronically and sent to the legislature. If a university accoun… - Loans to cover state agency cash gaps: mixed, medium. The Department of Administration allows short-term, interest-free loans between state funds when a fund lacks cash. Loans must be recorded and likely to be repaid within 1 calendar year. In unusual cases, one extra year is allowed with a written reason and a repayment plan sent to key legislative c… - Short negative balances allowed, with strict rules: mixed, medium. Most state funds cannot end the fiscal year with negative cash. During the year, any fund can be negative for up to 7 working days; after 7 days, the statewide system will not process transactions for that fund. Certain federal special revenue funds may be negative at year-end. If those federal fun… - Changes take effect immediately: mixed, low. The law takes effect on passage and approval. All changes apply right away. - University interfund loans and interest rules: mixed, low. The Commissioner of Higher Education may allow short-term loans between university funds when a subfund lacks cash. Loans must be recorded and likely to be repaid within 1 calendar year. Each covered fund uses one designated accounting entity to make or receive these loans. Loans from the current u… ## Sponsors and cosponsors - Sponsor: Gary Parry (Republican), House - Cosponsor: Janet Ellis (Democrat), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-02-25 | Senate | Do Concur | pass | 38 | 11 | | | 2025-02-24 | Senate | Do Concur | pass | 37 | 13 | | | 2025-01-15 | House | Do Pass | pass | 94 | 6 | | | 2025-01-14 | House | Do Pass | pass | 97 | 3 | | ## Actions (27) - 2025-03-27: Chapter Number Assigned (House) - 2025-03-27: Signed by Governor (House) - 2025-03-18: Transmitted to Governor (House) - 2025-03-18: Signed by President (Senate) - 2025-03-07: Signed by Speaker (House) - 2025-02-27: Returned from Enrolling (House) - 2025-02-25: Sent to Enrolling (House) - 2025-02-25: 3rd Reading (Senate) - 2025-02-24: 2nd Reading (Senate) - 2025-02-15: Committee Report (Senate) - 2025-02-14: Committee Executive Action (Senate) - 2025-01-31: Hearing (Senate) - 2025-01-17: Referred to Committee (Senate) - 2025-01-16: 1st Reading (Senate) - 2025-01-16: Transmitted to Senate (House) - 2025-01-15: 3rd Reading (House) - 2025-01-14: 2nd Reading (House) - 2025-01-10: Committee Report (House) - 2025-01-10: Committee Executive Action (House) - 2025-01-07: Fiscal Note Printed (House) - 2025-01-07: Fiscal Note Signed (House) - 2025-01-07: Fiscal Note Received (House) - 2025-01-06: Hearing (House) - 2025-01-06: 1st Reading (House) - 2024-12-20: Referred to Committee (House) - 2024-12-18: Introduced (House) - 2024-12-18: Fiscal Note Requested (House) ## Bill text - Enrolled, 2025-03-19: [PDF](https://docs.legmt.gov/download-ticket?ticketId=f8934640-9aef-41c7-8206-99d663fd3c48) - As Amended (Version 2), 2025-02-26: [PDF](https://docs.legmt.gov/download-ticket?ticketId=e2cabdef-27a7-42a8-a33f-b42792630822) - Introduced, 2024-12-11: [PDF](https://docs.legmt.gov/download-ticket?ticketId=dfeb8d52-9f04-4a6b-8620-f23551c26469) ## Related bills - SB 437: Revise definition of sex in Montana law (signed) - HB 831: Increase elderly homeowner and renter income tax credit (vetoed) - HB 628: Revise early literacy targeted intervention laws (vetoed) - SB 410: Provide for Montana genomic security act (vetoed) - SB 424: Revising the disabled veteran property tax assistance program (vetoed) - SB 422: Generally revise laws relating to insurance coverage relating to cancer (vetoed) ## Sources - [Enrolled (PDF)](https://docs.legmt.gov/download-ticket?ticketId=f8934640-9aef-41c7-8206-99d663fd3c48) - [As Amended (Version 2) (PDF)](https://docs.legmt.gov/download-ticket?ticketId=e2cabdef-27a7-42a8-a33f-b42792630822) - [Introduced (PDF)](https://docs.legmt.gov/download-ticket?ticketId=dfeb8d52-9f04-4a6b-8620-f23551c26469) ## Related - [SB 437: Revise definition of sex in Montana law](https://policyrisk.com/state-bill/MT-SB437-2025) - [HB 831: Increase elderly homeowner and renter income tax credit](https://policyrisk.com/state-bill/MT-HB831-2025) - [HB 628: Revise early literacy targeted intervention laws](https://policyrisk.com/state-bill/MT-HB628-2025) - [SB 410: Provide for Montana genomic security act](https://policyrisk.com/state-bill/MT-SB410-2025) - [SB 424: Revising the disabled veteran property tax assistance program](https://policyrisk.com/state-bill/MT-SB424-2025) - [SB 422: Generally revise laws relating to insurance coverage relating to cancer](https://policyrisk.com/state-bill/MT-SB422-2025) - [Montana bills](https://policyrisk.com/states/montana/bills) - [Montana state hub](https://policyrisk.com/states/montana) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/MT-HB61-2025 (as of 2026-10-19).