LC 1905 Legislature · 2025 Regular Session

Revise laws on Montana housing infrastructure revolving loan fund on deed restrictions, usage, and interest

This bill directs the Montana Housing Infrastructure Revolving Loan Fund to keep all interest and income it earns rather than distributing them elsewhere. It also requires that the fund's principal can only be used if approved by a two-thirds vote in both legislative chambers. The legislation authorizes the state treasurer to transfer $50 million from the general fund to the account in 2025 and another $50 million in 2026. Additionally, the law applies retroactively to interest and income earned since June 2023.
Bill status introduced 1 of 4 stages cleared
Introduction
Nov 2024
Committee Review
Floor Vote
Governor
Introduced Nov 22, 2024 Last action Feb 12, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
17
Key actions
0
Committee
0
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.