Rule 44.11.710 - 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.Mont. Admin. r. 44.11.710
Transferred from Rule 44.10.543, 2016 MAR p. 28, Eff. 1/9/2016.AUTH: 13-37-114, MCA; IMP: 13-37-401, 13-37-402, MCA