Montana HB926 proposes transferring funds from the debt and liability free account to the Montana school facilities fund.
Montana HB926 revises state finance laws by mandating the transfer of all unobligated and unexpended funds from the debt and liability free account to the Montana school facilities fund. If the bill is passed and approved, the transfer must occur within 10 days of the act's effective date. The bill also appropriates $100 from the general fund to the department of revenue for implementing the act. The act is set to be effective immediately upon passage and approval.
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