Montana § 18-4-227 Procurement And Term Contract Rebate Account -- Funding -- Use

Montana Statutes

§ 18-4-227 — Procurement And Term Contract Rebate Account -- Funding -- Use

Montana § 18-4-227

Title 18PUBLIC CONTRACTS

Ch. 4MONTANA PROCUREMENT ACT

Part 2Duties of Department

This text of Montana § 18-4-227 (Procurement And Term Contract Rebate Account -- Funding -- Use) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 18-4-227 (2026).

Text

18-4-227 . Procurement and term contract rebate account -- funding -- use.

(1)There is an account in the state special revenue fund established by 17-2-102 known as the procurement and term contract rebate account.

(2)All rebates credited to the department from using state procurement cards and term contracts must be deposited in the account.

(3)The money in the account may be used only to:

(a)administer the state's procurement card programs;

(b)administer term contracts established by the department; and

(c)reimburse applicable funds to the federal government.

(4)The unreserved, unexpended balance of the funds collected under this section must be deposited in the general fund by the close of the fiscal year.

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18-4-227 . Procurement and term contract rebate account -- funding -- use. (1) There is an account in the state special revenue fund established by 17-2-102 known as the procurement and term contract rebate account.
(2) All rebates credited to the department from using state procurement cards and term contracts must be deposited in the account.
(3) The money in the account may be used only to:
(a) administer the state's procurement card programs;
(b) administer term contracts established by the department; and
(c) reimburse applicable funds to the federal government.
(4) The unreserved, unexpended balance of the funds collected under this section must be deposited in the general fund by the close of the fiscal year.