Montana legislation · 2025 Regular Session
Montana HB61: Revise inter-entity loan process
Status: Signed into law, March 27, 2025
What the bill says
An act generally revising interentity loan procedures; permitting federal special revenue funds to have a negative cash balance when the agency will be reimbursed for expenditures from federal funds; amending section 17-2-107, mca; and providing an immediate effective date.
From the engrossed text:
AN ACT GENERALLY REVISING INTERENTITY LOAN PROCEDURES; PERMITTING FEDERAL SPECIAL REVENUE FUNDS TO HAVE A NEGATIVE CASH BALANCE WHEN THE AGENCY WILL BE REIMBURSED FOR EXPENDITURES FROM FEDERAL FUNDS; AMENDING SECTION 17-2-107, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE. Section 1. Section 17-2-107, MCA, is amended to read: "17-2-107. Accurate accounting records and interentity loans. (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 adopt the necessary procedures to ensure that interdepartmental or intradepartmental transfers of money or loans do not result in inflation of figures reflecting total governmental costs and revenue. (2) (a) Except as provided in 77-1-108 and subject to 17-2-105, when the expenditure of an appropriation from a fund designated in 17-2-102(1) through (3) is necessary and the cash balance in the accounting entity from which the appropriation was made is insufficient, the department may authorize a temporary loan, bearing no interest, of unrestricted money from other accounting entities if there is reasonable evidence that the income will be sufficient to repay the loan within 1 calendar year and if the loan is recorded in the state accounting records. An accounting entity receiving …
Sponsors
- Parry, Gary (R, 35) · primary sponsor
- Ellis, Janet (D, 41)
Latest actions
- : Chapter Number Assigned
- : (H) Signed by Governor
- : (H) Transmitted to Governor
- : (S) Signed by President
- : (H) Signed by Speaker
- : (H) Returned from Enrolling
- : (H) Sent to Enrolling
- : (H) 3rd Reading Passed as Amended by Senate
- : (H) Scheduled for 3rd Reading
- : (H) 2nd Reading Senate Amendments Concurred
Votes
- Do Concur (February 25, 2025): 38 yea, 11 nay, passed
- Do Concur (February 24, 2025): 36 yea, 13 nay, passed
- Do Pass (January 15, 2025): 94 yea, 6 nay, passed
- Do Pass (January 14, 2025): 97 yea, 3 nay, passed
Subjects: Rule Making, State Finance, State Government
Common questions
- What is HB61?
- HB61 is a bill in the Montana Legislature (2025 Regular Session): Revise inter-entity loan process.
- What does HB61 do?
- In its own words: An act generally revising interentity loan procedures; permitting federal special revenue funds to have a negative cash balance when the agency will be reimbursed for expenditures from federal funds; amending section 17-2-107, mca; and providing an immediate effective date.
- What is the status of HB61?
- Signed into law as of March 27, 2025. Latest action: Chapter Number Assigned (May 19, 2025).
- Who sponsored HB61?
- Parry, Gary (R, 35), with 1 co-sponsor.
- Where is the official record for HB61?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0273
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.