Title 17, Title 17

(1) The director of the department shall annually prepare a statewide cost allocation plan distributing service agency indirect costs among the agencies, in accordance with principles and procedures established by applicable regulations and guidelines. (2) An agency required to p…

(1) Except as provided in 80-7-1004 and subsections (3) and (4) of this section, an agency receiving nongeneral funds shall, in accordance with all applicable regulations, guidelines, or grant rules governing those funds, negotiate indirect cost reimbursement amounts and methodol…

(1) A state agency rendering services to another state agency shall invoice the other state agency within 60 days of rendering services. (2) An invoiced state agency shall pay the another state agency's invoice in full within the time specified in a written agreement between the …

(1) The state treasurer is the custodian of all money and securities of the state unless otherwise expressly provided by law. (2) It is the duty of the state treasurer to: (a) receive and account for all money belonging to the state, not expressly required by law to be received a…

The state treasurer has full access to all offices of the state for inspection of books, papers, and accounts that concern the state treasurer's duties.

The state treasurer may, subject to the approval of the state board of investments, establish a securities lending program for all securities held in custody under 17-1-111. All loaned securities must be secured by equivalent securities of the same class in an amount equal to at …

The state treasurer may: (1) inspect the books of any persons charged with the receipt, safekeeping, or disbursement of public money; (2) require all persons who have received money or who have had the disposition or management of any property of the state of which an account is …

The state auditor may require a person who has received securities of which the auditor keeps account to render to the auditor a statement concerning the securities. The statement must be made at the time and in the form prescribed by the auditor.

(1) The budget director in addition to the duties set forth in Title 17, chapter 7, shall perform other duties that the governor as chief budget officer of the state may direct. (2) The budget director shall, as often as requested by the governor, prepare and furnish reports to t…

(1) The budget director has the power to demand and receive from every department, officer, board, commission, or institution, at any time, any and all information requested. (2) The budget director may investigate and examine the costs and revenue of state government activities …

(1) The board of examiners, upon recommendation of the department of administration, may issue notes in anticipation of the receipt of taxes or revenues, direct or indirect, as the legal demands on the treasury during any fiscal year render it necessary. (2) The notes issued in a…

The notes shall bear interest at such rate as, in the judgment of the board of examiners, may be sufficient or necessary to effect the issuance and sale of the notes in the manner determined by the board of examiners upon recommendation of the department of administration.

(1) The notes and interest on the notes must be paid from taxes and revenues not later than the end of the fiscal year in which issued. (2) The full faith and credit and taxing power of the state are pledged for the payment of all notes issued under this part. In furtherance of t…

(1) There is a Montana growth and opportunity trust in the permanent fund type funded by annual transfers of volatile revenues as provided for in 17-1-405. The trust is administered by the department of revenue. (2) Transfers into the trust are deposited as follows: (a) one-half …

(1) Except as provided in subsection (3), interest earnings from the transfers into the distribution portion of the Montana growth and opportunity trust established in 17-1-401 are allocated as follows: (a) 40% to the state property tax assistance account established in 15-6-702,…

Transfers into the reinvestment portion of the Montana growth and opportunity trust established in 17-1-401 are allocated as follows: (1) 80% to the pension fund provided for in 17-7-135 until the balance in the fund equals $1 billion; and (2) 20% to a Montana housing trust provi…

Interest earnings from the distribution portion and the pension fund within the growth and opportunity trust are combined for the purposes of calculating the total amount of interest earnings and are distributed as follows: (1) 50% pursuant to the accounts which comprise the dist…

(1) Except as provided in subsection (6), in the fiscal year beginning July 1, 2027, and in each subsequent fiscal year until June 30, 2035, by November 1, the state treasurer shall calculate the amount of volatile revenue from the general fund for that fiscal year. The state tre…

If the budget director estimates a projected general fund ending fund balance at the end of the biennium that is less than the operating reserve as defined in 17-7-102, the budget director shall inform the legislative finance committee and the legislative fiscal analyst in writin…

(1) It is the intent of the legislature, by establishing criteria for the review and evaluation of revenue dedication provisions, to ensure that provisions for revenue dedication: (a) are based on sound principles of revenue dedication as described in 17-1-507; (b) reflect presen…

As used in this part, unless the context requires otherwise, the following definitions apply: (1) "Administrative costs" includes: (a) personal services; (b) operating expenses, such as travel, supplies, and communication costs; and (c) capital expenses, such as equipment, buildi…

The balance remaining in each special revenue account terminated pursuant to legislative review must be deposited in the general fund.

(1) If the legislature has appropriated revenue from sources de-earmarked by the legislature, the appropriation is considered to have been made from the general fund. (2) All assets, liabilities, and fund balances of accounts terminated by the legislature accrue to the general fu…

(1) The legislature recognizes that dedicated revenue provisions are subject to review by: (a) the office of budget and program planning in the development and implementation of the executive budget and analysis of legislation; (b) the legislative fiscal division in analyzing the…

The office of budget and program planning shall, consistent with the review provisions in 17-1-505, review each piece of legislation that proposes to dedicate revenue. The office shall submit its findings concerning the dedication of revenue on the fiscal notes accompanying that …

(1) It is the policy of the legislature that a revenue source not be dedicated for a specific purpose unless one or more of the following conditions are met: (a) The person or entity paying the tax, fee, or assessment is the direct beneficiary of the specific activity that is fun…

(1) Each biennium, the office of budget and program planning shall, in development of the executive budget, review and identify instances in which statutory appropriations in current law do not appear consistent with the guidelines set forth in subsection (2). (2) The review of s…

Each fiscal year beginning after June 30, 2011, the state treasurer shall transfer the amount reported under section 2(1), Chapter 361, Laws of 2007, from the general fund to the state special revenue account created in 20-26-1501.

Loan agreements with Indian tribal governments that are authorized under this title must contain the provisions specified in 90-6-709.

An Indian tribal government may enter into a loan agreement under Title 17, chapters 5 and 6, for any public or governmental purpose as provided in 7-7-4104.

(1) Sections 17-2-101 through 17-2-107 may be cited as the "Treasury Fund Structure Act". (2) The purpose of these sections is to: (a) comply with Article VIII, section 12, of the Montana constitution; (b) simplify the accounting system and treasury fund structure of the state; (…

For the purpose of ensuring strict accountability for all revenue received and spent, there are in the state treasury only the following fund categories and types: (1) the governmental fund category, which includes: (a) the general fund, which accounts for all financial resources…

(1) It is the intent of the legislature that the definitions in 17-2-102 supersede all previous definitions of public funds that are inconsistent with the definitions found in this part. (2) Any laws enacted or any contracts entered into in pursuance of law that require the segre…

The enumeration of treasury funds in 17-2-102 does not prohibit the state treasurer from establishing and maintaining: (1) clearance or suspense accounts for the purpose of paying refunds, for the purpose of grouping payments from different funds or accounts prior to disbursement…

(1) The state treasurer shall record receipts and disbursements for treasury funds and shall maintain fund records in a manner that reflects the total cash and invested balance of each fund. The state treasurer shall also maintain records of individual funds within the debt servi…

(1) Moneys deposited in each fund except the general fund shall be segregated by the department of administration by specific accounts based on source, function, or department. When moneys deposited in the state treasury cannot logically be credited to an existing account or when…

(1) The department shall record receipts and disbursements for treasury funds and for accounting entities within treasury funds and shall maintain records in a manner that reflects the total cash and invested balance of each fund and each accounting entity. The department shall a…

(1) Except for the exemptions applicable to the Montana historical society in 22-3-114(5), the Montana state library in 22-1-226(5), the Montana school for the deaf and blind in 20-8-107(5), and the department of public health and human services in 53-1-612, an office or entity o…

(1) All officers, employees, and other persons connected with the fiscal affairs of any state office, agency, or institution must afford all reasonable facilities for the examination of accounts and investigations provided for and must make reports, returns, and exhibits relating…

(1) Except for the state fund provided for in Title 39, chapter 71, part 23, the fiscal year for state purposes commences on July 1 of each year and ends on June 30 of each year. The state fund's fiscal year starts on January 1 of each year and ends on December 31 of that same ye…

(1) The state treasurer shall deposit to the credit of the appropriate fund in accordance with the provisions of subsection (3) all money received from the collection of taxes and fees. (2) The department of revenue shall deposit to the credit of the state general fund all money …

There is created in the current restricted subfund a restricted account for funds appropriated to Montana state university-Bozeman for applied genetic engineering technology research and development. Money contributed by the Montana agriculture industry must be deposited in the a…

(1) The department of administration may authorize the establishment and maintenance at the state agencies or in the departments, boards, or commissions of contingent revolving accounts, transferring in trust to the business offices of the institutions sums of money as may appear…

The department of administration may, in its discretion, permit any state agency to retain in its possession, under conditions the department of administration may prescribe, money that would otherwise be deposited in the custodial fund as defined in 17-2-102. The department of a…

As used in this part, unless the context requires otherwise, the following definitions apply: (1) "Approving authority" means: (a) in the case of a state agency, the approving authority as defined in 17-7-102; (b) in the case of a local government entity, the local government ent…

(1) Except as provided in this section, a state agency that deposits money into a state charge for services fund or a local government entity that deposits money into a local charge for services fund may not maintain a cash balance in the fund greater than twice the annual approp…