Montana § 20-9-220 Clearing Accounts

Montana Statutes

§ 20-9-220 — Clearing Accounts

Montana § 20-9-220

Title 20EDUCATION

Ch. 9FINANCE

Part 2Administration of Finances

This text of Montana § 20-9-220 (Clearing Accounts) 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. § 20-9-220 (2026).

Text

20-9-220 . Clearing accounts.

(1)A clearing account may be used by a school district for bookkeeping purposes if:

(a)all funds from the account are disbursed through issuance of warrants as provided in 20-9-221 ;

(b)records are kept showing the source and use of the funds that passed through the account; and

(c)the balance in the account is no greater than the amount necessary to cover outstanding warrants written against the account.

(2)An elementary school district and a high school district that are unified may use the same clearing account if the account is maintained in accordance with rules adopted by the superintendent of public instruction.

(3)Nothing in this section may be construed to allow the use of funds for any purpose or in any manner other than that expressly authoriz

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20-9-220 . Clearing accounts. (1) A clearing account may be used by a school district for bookkeeping purposes if:
(a) all funds from the account are disbursed through issuance of warrants as provided in 20-9-221 ;
(b) records are kept showing the source and use of the funds that passed through the account; and
(c) the balance in the account is no greater than the amount necessary to cover outstanding warrants written against the account.
(2) An elementary school district and a high school district that are unified may use the same clearing account if the account is maintained in accordance with rules adopted by the superintendent of public instruction.
(3) Nothing in this section may be construed to allow the use of funds for any purpose or in any manner other than that expressly authorized in this title.