Montana Code 19-17-202. Reports of board
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19-17-202. Reports of board. (1) As soon as practical after the close of each fiscal year, the board shall file with the governor a report covering administration of the Volunteer Firefighters’ Compensation Act for that fiscal year.
Terms Used In Montana Code 19-17-202
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)The report must include:
(a)a statement of the accumulated cash and securities in the pension trust fund as certified by the state treasurer and the board of investments; and
(b)the most recent published report of the actuary of the actuarial valuation of the assets and liabilities of the plan.