17-8-107. Limitations on spending deferred inflows of resources -- exception -- definition. (1) Except as provided in subsection (2), no agency, including any unit of the university system, may expend deferred inflows of resources for current fiscal year operations.
(2) The Montana historical society is exempt from the provisions of subsection (1) to the extent that the expenditure of deferred inflows of resources received from magazine subscription fees is necessary to finance current fiscal year operations for the publication of its magazine of western history.
(3) For purposes of this section, "deferred inflows of resources" means funds received in 1 fiscal year but properly allocable and recorded as revenue in the subsequent fiscal year.
History: En. Sec. 1, Ch. 573, L. 1983; amd. Sec. 1, Ch. 52, L. 1987; amd. Sec. 1, Ch. 7, L. 2015.
Structure Montana Code Annotated
Chapter 8. Disbursement and Expenditure
Part 1. Limits on Disbursements and Expenditures
17-8-101. Appropriation and disbursement of money from treasury
17-8-102. Expenditure procedures -- quarterly allotment system
17-8-103. Expenditures in excess of appropriation unlawful -- conditions in appropriation acts
17-8-104. Civil penalties and remedies for violation
17-8-105. Definitions applicable to expenditure limitation
17-8-106. Expenditure limitation -- exception
17-8-107. Limitations on spending deferred inflows of resources -- exception -- definition