Administrative Rules of Montana
Department 10 - EDUCATION
Chapter 10.10 - SPECIAL ACCOUNTING PRACTICES
Subchapter 10.10.3 - Special Accounting Practices
Rule 10.10.313 - BUILDING RESERVE FUND
Universal Citation: MT Admin Rules 10.10.313
Current through Register Vol. 18, September 20, 2024
(1) Expenditures from the building reserve fund established under 20-9-503, MCA, are limited to the cash balance available in the fund.
(2) Short-term interfund loans from a district's other funds may be used to fund expenditures in advance of tax collections in the building reserve fund. Such interfund loans must be repaid by year-end. Short-term interfund loans between school districts shall not be made.
(3) Proceeds of a loan to be repaid from the building reserve fund established under 20-9-503, MCA, must be deposited in the building reserve fund.
20-9-102, MCA; IMP, 20-9-503, MCA;
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