Montana SB287 revises state finance laws, including funding allocations and transfers, investment income distribution, and employer contribution.

Montana SB287 revises state finance laws by establishing a "treasury cash account" for undesignated treasury fund accounts. It mandates that 50% of the income from this account be credited to the general fund and the other 50% to the debt and liability free account. The bill also increases employer supplemental contribution rates over time, with specific rates set for different fiscal years. It outlines conditions for transfers from the pension state special revenue account to the teachers' retirement system and the public employees' retirement system.

Montana SB287 revises state finance laws, including funding allocations and transfers, investment income distribution, and employer contribution.

Montana SB287 revises state finance laws by establishing a "treasury cash account" for undesignated treasury fund accounts. It mandates that 50% of the income from this account be credited to the general fund and the other 50% to the debt and liability free account. The bill also increases employer supplemental contribution rates over time, with specific rates set for different fiscal years. It outlines conditions for transfers from the pension state special revenue account to the teachers' retirement system and the public employees' retirement system.