HB281

Montana HB281 revises laws to provide statutory appropriations for the reinsurance program.

Montana HB281 revises laws to provide statutory appropriations for the reinsurance program. The bill amends the definition and requisites for statutory appropriations, ensuring they comply with specific provisions. It establishes a reinsurance program account in the state special revenue fund, funded by assessments and other sources. The account is used for administration, operation, and claims expenses of the program. The bill also creates a federal special revenue account for the program, funded by federal allocations and other sources. The act is effective upon passage and approval.