MT HB228

Lowers the reporting threshold from $1 million to $500,000 in estimated general fund expenditures for bills requiring actual cost reports to the Legislative Finance Committee

Changes reporting frequency from annual (October 1) to biannual (every February and October), with each report covering the preceding 2 quarters of the fiscal year

Requires reports to include the bill name, actual expenditures incurred, description of how funds were spent, and comparison to projected costs in the original fiscal note

Repeals the December 31, 2025 termination date, making the reporting requirement permanent

Effective date of June 30, 2025