ARM 44.11.710

ARM 44.11.710

SupersededLast amended: 2008Length: 116 wordsOfficial source

Cite as Mont. Admin. R. 44.11.710

44.10.543 INTEREST PAID ON ACCOUNTS (1) Interest paid on a constituent services account established under Title 13, chapter 37, part 4, MCA, 13-37-240, MCA, and the rules in this chapter, may be received and used to provide constituent services if: (a) the interest is deposited directly into the constituent services account; (b) the interest is paid by a bank, savings and loan, credit union, brokerage firm, or other financial or investment entity subject to regulation by the state of Montana or an agency of the United States government; and (c) the interest paid is the entity's prevailing money market, savings, or certificate of deposit rate paid to other investors or depositors with similar interest bearing accounts.
ARM 44.11.710: ARM 44.11.710 | Justis AI