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Administrative Policy and Procedures Manual
Section 800: Financial Affairs
804.15 Contingent Revolving Fund Checks
Effective: October 1, 2007
Revised: October 1, 2007, November 2012
Review Date: October 1, 2009, November 2014
Responsible Party: Director of Business Services

Policy:

Montana State University-Northern is authorized by the Montana State Department of Administration to maintain a local checking account to be used to make disbursements where timing is a factor. The Contingent Revolving account is to be used only for purposes demanding immediate payments.

Montana State University-Northern has established the following procedures which are consistent with State guidelines. Abuse of guidelines could result in cancellation or reduction of the account by the Department of Administration.

Procedures:

References:

Montana Codes Annotated Sections 17-6-101 to 105, 17-2-201; and
Montana Operations Manual, Volume II, Chapter 1900.

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