LC 1908 Legislature · 2025 Regular Session

Allow interest earned on workforce housing appropriations to be retained

This bill allows Montana to keep any interest or income earned on $12 million in workforce housing funds instead of returning it to the general fund. The money is designated for building or buying housing for state employees who work at facilities housing inmates or behavioral health patients in smaller counties. Key provisions include using funds to lower construction costs, provide matching loans, discount housing prices for eligible workers, or purchase housing that will be privately owned within ten years. The change applies retroactively to interest earned since June 14, 2023, and takes effect immediately upon passage.
Bill status introduced 1 of 4 stages cleared
Introduction
Nov 2024
Committee Review
Floor Vote
Governor
Introduced Nov 22, 2024 Last action Jan 17, 2025
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