If it took effect, Montana would transfer $50 million to its Housing Montana Fund and direct the Department of Commerce to update related rules.
The state treasurer would move $50 million from Montana’s general fund into the Housing Montana Fund.
The Department of Commerce would review and update rules under the authority in section 90-6-136.
The state treasurer would transfer $50 million from the general fund to the Housing Montana Fund. The money would move from Montana’s general fund to the Housing Montana Fund. If the bill took effect, the transfer would be due within 15 days after July 1, 2025.
The Department of Commerce would review and update rules under the authority in section 90-6-136. The duty would apply to the Department of Commerce and rules under section 90-6-136. The review would begin when the bill took effect, and required rule changes would need to be adopted before the 70th legislative session.
No hearings or votes scheduled.