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Bill to simplify interentity loan paperwork for federal reimbursements wins agency support
Summary
House Bill 61 would reduce the paperwork burden tied to short‑term interentity loans agencies use when federal reimbursements lag, while keeping reporting controls in place.
Representative Gary Perry presented House Bill 61 as an efficiency measure to reduce the volume of interentity loan accounting entries agencies currently process to avoid short‑term negative cash balances while waiting for federal reimbursements.
Department of Administration Director Misty Anne Giles said the current practice produces frequent loan requests — sometimes many per agency — which creates heavy paperwork for the treasury and agency accounting staff. Jennifer Thompson, state accountant, said in…
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