SB 9: Allow agency cash deposits biweekly - Montana

SB0009_2(11).pdf → SB0009_X.pdf · 4 edits

MODERATE

This bill updates the rules for how state agencies must deposit collected cash into the state treasury. It raises the threshold for immediate daily deposits from $200 to $750 and changes the required deposit frequency from weekly to every 14 days. Additionally, it expands the definition of 'agency' to include contractors who collect at least $50,000 annually on behalf of the state.

Scope change

The scope of the bill was expanded to include contractors who collect state funds, whereas previously only direct state agencies were subject to these deposit rules.

REQUIREMENT

Increased the cash deposit threshold from $200 to $750 before funds must be deposited.

Changed the required deposit frequency from weekly to every 14 days.

ELIGIBILITY

Extended the deposit requirements to include contractors collecting at least $50,000 annually on behalf of the state.

TIMELINE

Changed the effective date from 'on passage' to 'immediate'.

SB0009_3.pdf → SB0009_2(11).pdf · 4 edits

MODERATE

The bill was renumbered from SB 9 to SB 9.2 and moved from an enrolled version to an introduced draft, indicating it is in early legislative development. The core policy content regarding deposit thresholds and effective dates remains unchanged, but the document now includes a new section explicitly stating the act is effective immediately upon passage and approval.

Scope change

The bill's scope and applicability remain unchanged; the only difference is the procedural status of the document.

TECHNICAL

The bill number was updated from SB 9 to SB 9.2 to reflect its progression in the legislative process.

The document status changed from 'Enrolled Bill' (final version) to 'Introduced' (early draft), meaning it is no longer ready for signing.

The certification block containing signatures for the Secretary of the Senate, President of the Senate, and Speaker of the House was removed as the bill is no longer in its final enrolled form.

TIMELINE

A new Section 2 was added to explicitly confirm the act takes effect immediately upon passage and approval.

SB0009_2(10).pdf → SB0009_3.pdf · 3 edits

MINOR

The bill amends state law to allow state agencies to hold larger amounts of cash before depositing them into banks, increasing the threshold from $200 to $200 (no change in coin limit) and $750 to $750 (no change in collection limit) but changing the deposit frequency from weekly to every 14 days. This change aims to reduce administrative burdens on agencies by allowing them to hold cash longer, potentially improving cash flow management. The definition of 'agency' was expanded to include contractors collecting at least $50,000 annually on behalf of the state, broadening the scope of entities subject to these deposit rules.

Scope change

The scope of the bill was expanded to include contractors who collect at least $50,000 annually on behalf of the state, in addition to existing state agencies.

REQUIREMENT

Changed the required deposit frequency from weekly to every 14 days for cash and collections exceeding specified thresholds.

Maintained the $200 threshold for coin and currency deposits and the $750 threshold for total collections, but relaxed the timing requirement for these deposits.

ELIGIBILITY

Expanded the definition of 'agency' to include contractors collecting at least $50,000 annually on behalf of the state.

SB0009_1(7).pdf → SB0009_2(8).pdf · 1 edit

MINOR

The bill clarifies that state agencies can deposit cash in excess of $200 and collections in excess of $750 every 14 days instead of weekly. This change removes the previous restriction requiring deposits for amounts up to $200 and collections up to $750 to be made weekly, allowing agencies more flexibility in managing small cash balances and collections.

Scope change

The scope of the deposit threshold requirements was narrowed to apply only to amounts exceeding the specified limits, rather than requiring weekly deposits for all amounts up to those limits.

REQUIREMENT

Changed the deposit frequency rule: amounts up to $200 and collections up to $750 no longer require weekly deposits; these can now be deposited every 14 days along with larger amounts.

SB0009_2(7).pdf → SB0009_1(7).pdf · 3 edits

MINOR

This bill amends the state code to allow state agencies to deposit excess cash and collections in excess of $200 and $750 every 14 days instead of weekly, reducing administrative burden. It also expands the definition of 'agency' to include contractors collecting at least $50,000 annually on behalf of the state, bringing them under the same deposit rules. The act includes an immediate effective date rather than waiting for passage and approval.

Scope change

The scope of the bill was expanded to include contractors who collect significant funds on behalf of the state, whereas previously only state agencies were explicitly covered.

REQUIREMENT

Changed the deposit threshold for excess cash to $200 and total collections to $750, with a new schedule allowing deposits every 14 days instead of weekly.

SCOPE

Added contractors collecting at least $50,000 annually on behalf of the state to the definition of 'agency' for deposit purposes.

TIMELINE

Changed the effective date from 'on passage and approval' to 'immediate'.

SB0009_1(6).pdf → SB0009_2(7).pdf · 2 edits

MINOR

The bill was reformatted to include a new bill number (SB0009.2) and updated the title to clarify that the deposit threshold applies only to amounts that do not exceed $200. This change ensures the law specifically targets small cash amounts rather than implying a minimum deposit requirement.

Scope change

The bill's scope remains focused on state agency cash deposits, but the title clarification prevents misinterpretation of the deposit threshold.

REQUIREMENT

The title was amended to specify that the $200 limit applies to cash that 'does not exceed' that amount, clarifying the threshold for weekly versus bi-weekly deposits.

TECHNICAL

The bill header was updated to reflect the new bill number SB0009.2 and adjusted the year formatting.

SB0009_2(6).pdf → SB0009_1(6).pdf · 3 edits

MINOR

The bill was amended to increase the cash deposit threshold for state agencies from $200 to $750 every 14 days, allowing agencies to hold more cash on hand before depositing it. The effective date was changed from 'upon passage' to 'immediate,' meaning the new rules apply right away. Additionally, the definition of 'agency' was expanded to include contractors who collect at least $50,000 annually on behalf of the state.

Scope change

The scope of the deposit requirements was expanded to include state contractors who collect significant funds, and the financial threshold for mandatory deposits was raised.

REQUIREMENT

Increased the mandatory cash deposit threshold from $200 to $750 every 14 days, allowing state agencies to retain more cash locally.

TIMELINE

Changed the effective date from 'upon passage and approval' to 'immediate,' applying the new rules immediately.

ELIGIBILITY

Expanded the definition of 'agency' to include contractors collecting at least $50,000 annually on behalf of the state.

SB0009_1(5).pdf → SB0009_2.pdf · 3 edits

MINOR

The bill was renumbered from SB 9 to SB0009.2 and updated the header to reflect the 2025 legislative session. The core policy regarding state agency deposit schedules was modified to allow agencies to hold cash balances up to $200 and delay total collections up to $750 for a 14-day period instead of the previous weekly requirement. This change provides agencies with greater flexibility in managing small, frequent cash inflows without violating state financial rules.

Scope change

The bill's scope remains focused on state agency financial operations, but the specific thresholds for deposit timing have been adjusted to accommodate smaller cash volumes over a longer period.

REQUIREMENT

Changed the mandatory deposit threshold from 'in excess of $200' to 'that does not exceed $200' and from 'in excess of $750' to 'that do not exceed $750', effectively allowing agencies to retain more cash on hand before depositing it.

Clarified that the new 14-day deposit schedule applies to amounts that do not exceed the specified thresholds, rather than amounts exceeding them.

TECHNICAL

Updated the bill title and header information to reflect the new bill number (SB0009.2) and the 2025 legislative session.

LC0274.pdf → SB0009_1.pdf · 3 edits

MINOR

The bill was renumbered from LC 0274 to SB 9 and updated to reflect the 69th Legislature session. The primary substantive change is the addition of a specific sponsor, W. McKamey, to the bill header, while the core legislative text and page numbering remain identical.

TECHNICAL

The bill number was changed from LC 0274 to SB 9, and the version identifier was updated to SB 9.1.

The sponsor field was updated to list 'W. McKamey' as the introduced sponsor.

The footer text was updated to reflect the new bill number (SB 9) while retaining the original legislative content.

Allow agency cash deposits biweekly

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