Constitutional amendment to revise investment restrictions of coal trust fund

SB 152 proposes a constitutional amendment to allow Montana's coal severance tax trust fund to invest up to 25% of its assets in private corporate stock, currently prohibited under the state constitution. This change would directly affect how the state manages the coal trust fund, which holds revenue from coal extraction taxes. The amendment modifies Article VIII, Section 13 of Montana's Constitution to permit this investment, aligning it with existing rules for retirement and insurance funds. The bill requires voter approval at the November 2026 general election to take effect.