Administrative Rules of Montana
Department 10 - EDUCATION
Chapter 10.10 - SPECIAL ACCOUNTING PRACTICES
Subchapter 10.10.3 - Special Accounting Practices
Rule 10.10.306 - BANK ACCOUNTS OR OTHER DEPOSITORIES
Universal Citation: MT Admin Rules 10.10.306
Current through Register Vol. 18, September 20, 2024
(1) As provided by 20-9-212 and 20-9-504, MCA, the county treasurer is the custodian and depository of all school district monies except student extracurricular funds. Other bank accounts or depositories outside the control of the county treasurer shall be limited to:
(a) accounts with the state Board of
Investments or investment firms maintaining a unified investment program in
accordance with ARM
10.10.625;
(b) petty cash accounts;
(c) interim depository accounts for school
lunch or driver's education fees;
(d) money held by the district in investment
accounts established under
20-9-235,
MCA; and
(e) gifts or endowments if
such accounts are required by the donor.
(2) The county treasurer shall be the custodian for all other school district monies, including gifts, donations, endowments, interlocal agreements, direct federal or state revenues and district administered self-insurance programs.
20-9-102, 20-9-201, MCA; IMP, 20-9-212, 20-9-504, MCA;
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