Montana § 20-9-220 - Clearing Accounts
Full text of Montana Montana Code Annotated § 20-9-220 — Clearing Accounts, with citation guidance and answers to common questions.
§ 20-9-220. Clearing Accounts
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.
Frequently Asked Questions About Montana § 20-9-220
What does Montana Code Annotated § 20-9-220 cover?
Section 20-9-220 ("Clearing Accounts") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 20-9-220?
A common citation format is "Montana Code Annotated § 20-9-220" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 20-9-220 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.