Montana Code 2-18-402. Payroll custodial fund — department to determine disbursements and transfers
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2-18-402. Payroll custodial fund — department to determine disbursements and transfers. (1) A fund in the custodial fund type of the state treasury is created, to be known as the state payroll custodial fund. The fund may be utilized for the payment of compensation to officers and employees of the state and all amounts withheld from compensation, pursuant to law.
Terms Used In Montana Code 2-18-402
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- 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 amount to be disbursed from the state payroll custodial fund at any time must be determined by the department of administration and, on order of the department, must be transferred from the fund, account, and appropriation properly chargeable to the state payroll custodial fund.