Montana § 7-6-609 Declaration Of Policy

Montana Statutes

§ 7-6-609 — Declaration Of Policy

Montana § 7-6-609

Title 7LOCAL GOVERNMENT

Ch. 6FINANCIAL ADMINISTRATION AND TAXATION

Part 6Local Government Accounting

This text of Montana § 7-6-609 (Declaration Of Policy) 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. § 7-6-609 (2026).

Text

7-6-609 . Declaration of policy.

(1)It is the policy of the state of Montana that all governmental accounting systems be established and maintained in accordance with:

(a)generally accepted accounting principles that are nationally recognized as set forth by the governmental accounting standards board or its generally recognized successor; or

(b)a small government financial reporting framework that is defined by the department and derived from the generally accepted accounting principles referenced in subsection (1)(a).

(2)The codifications, pronouncements, and interpretations of the governmental accounting standards board or its generally recognized successor must be recognized as the primary authoritative reference for governmental accounting.

Free access — add to your briefcase to read the full text and ask questions with AI

7-6-609 . Declaration of policy. (1) It is the policy of the state of Montana that all governmental accounting systems be established and maintained in accordance with:
(a) generally accepted accounting principles that are nationally recognized as set forth by the governmental accounting standards board or its generally recognized successor; or
(b) a small government financial reporting framework that is defined by the department and derived from the generally accepted accounting principles referenced in subsection (1)(a).
(2) The codifications, pronouncements, and interpretations of the governmental accounting standards board or its generally recognized successor must be recognized as the primary authoritative reference for governmental accounting.