Montana Code Annotated 2023



Part 16. Municipal Finance Consolidation Act

Annual Report

17-5-1650. Annual report. (1) By December 31 of each year, the board shall publish a financial report for distribution to the governor, the legislature, and the public. Except as provided in subsection (2), distribution to the legislature is accomplished by providing a copy to a legislator on request.

(2) Subject to 5-11-222(5), a report demonstrating the requirements of subsections (1) and (3) must be provided to the legislature in accordance with 5-11-210.

(3) The report must include:

(a) a statement of the board's current financial position with respect to its activities under this part;

(b) a summary of its activities pursuant to this part during the previous year including:

(i) a listing of the eligible governmental securities purchased by the board;

(ii) a listing of the bonds and notes sold by the board; and

(iii) a summary of the performance of any other investments of the board's funds received under this part;

(c) an estimate of the levels of activities for the next year; and

(d) a comparison of the activities during the previous year with the estimates of those activities that were made in the previous annual report.

History: En. Sec. 32, Ch. 620, L. 1983; amd. Sec. 4, Ch. 94, L. 1987; amd. Sec. 23, Ch. 112, L. 1991; amd. Sec. 20, Ch. 349, L. 1993; amd. Sec. 13, Ch. 208, L. 1995; amd. Sec. 56, Ch. 545, L. 1995; amd. Sec. 39, Ch. 261, L. 2021; amd. Sec. 3, Ch. 496, L. 2023.