Montana legislation · 2025 Regular Session
Montana SB9: Allow agency cash deposits biweekly
Status: Signed into law, April 17, 2025
What the bill says
An act allowing state agencies to deposit cash that does not exceed $200 and total collections that do not exceed $750 every 14 days instead of weekly; amending section 17-6-105, mca; and providing an immediate effective date.
From the engrossed text:
AN ACT ALLOWING STATE AGENCIES TO DEPOSIT CASH THAT DOES NOT EXCEED $200 AND TOTAL COLLECTIONS THAT DO NOT EXCEED $750 EVERY 14 DAYS INSTEAD OF WEEKLY; AMENDING SECTION 17-6-105, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE. Section 1. Section 17-6-105, MCA, is amended to read: "17-6-105. State treasurer as treasurer of state agencies -- deposits of money. (1) The state treasurer is designated the treasurer of every state agency and institution. (2) All state agencies shall deposit all money, credits, evidences of indebtedness, and securities either: (a) in banks, building and loan associations, savings and loan associations, or credit unions located in the city or town in which the agencies are situated, if there is a qualified bank, building and loan association, savings and loan association, or credit union in the city or town as designated by the state treasurer with the approval of the board of investments; or (b) with the state treasurer. (3) Each bank, building and loan association, savings and loan association, or credit union shall pledge securities sufficient to cover 50% of the deposits at all times. (4) The deposits must be made in the name of the state treasurer, must be subject to withdrawal at the treasurer's option, and must draw interest as other state money, in accordance with the provisions of this part. …
Sponsors
- McKamey, Wendy (R, 12) · primary sponsor
- Parry, Gary (R, 35)
Latest actions
- : Chapter Number Assigned
- : (S) Signed by Governor
- : (S) Transmitted to Governor
- : (H) Signed by Speaker
- : (S) Signed by President
- : (S) Returned from Enrolling
- : (S) Sent to Enrolling
- : (H) 3rd Reading
- : (H) Scheduled for 3rd Reading
- : (H) 2nd Reading
Votes
- Do Concur (March 26, 2025): 98 yea, 0 nay, passed
- Do Concur (March 25, 2025): 99 yea, 0 nay, passed
- Do Pass (January 31, 2025): 46 yea, 4 nay, passed
- Do Pass (January 30, 2025): 44 yea, 3 nay, passed
Subjects: State Finance, State Government
Common questions
- What is SB9?
- SB9 is a bill in the Montana Legislature (2025 Regular Session): Allow agency cash deposits biweekly.
- What does SB9 do?
- In its own words: An act allowing state agencies to deposit cash that does not exceed $200 and total collections that do not exceed $750 every 14 days instead of weekly; amending section 17-6-105, mca; and providing an immediate effective date.
- What is the status of SB9?
- Signed into law as of April 17, 2025. Latest action: Chapter Number Assigned (April 17, 2025).
- Who sponsored SB9?
- McKamey, Wendy (R, 12), with 1 co-sponsor.
- Where is the official record for SB9?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0274
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.