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Bill > HB919


MT HB919

Authorize transfers and other necessary measure to implement HB 2 section A


summary

Introduced
03/28/2025
In Committee
04/10/2025
Crossed Over
04/08/2025
Passed
Dead
05/22/2025

Introduced Session

2025 Regular Session

Bill Summary

AN ACT ENTITLED: “AN ACT IMPLEMENTING THE PROVISIONS OF HOUSE BILL NO. 2; REQUIRING THE BOARD OF INVESTMENTS TO PERFORM DUTIES IN A RESTRICTED FIDUCIARY FUND TYPE; TEMPORARILY ALLOWING USE OF THE ACCOMMODATIONS TAX FOR HISTORICAL SITES AT REEDER'S ALLEY AND VIRGINIA CITY; PROVIDING FOR A STUDY ON COST-OF-LIVING ADJUSTMENTS; AMING SECTION SECTIONS 2-15-1808 AND 15-65-121, MCA; AND PROVIDING AN EFFECTIVE DATE.”

AI Summary

This bill makes several key changes to state government operations and funding. First, it modifies the Board of Investments' governance by requiring the board to perform its duties within a restricted fiduciary fund type, which means the board must manage funds with specific constraints and accountability. Second, the bill temporarily allows the state's accommodations tax (a tax on lodging) to allocate $250,000 per year to the Montana Heritage Commission specifically for restoration projects at Reeder's Alley in Helena and Grace Methodist Church in Virginia City. Third, the bill authorizes the Legislative Finance Committee to potentially conduct or assign a study examining cost-of-living adjustments for state employees, which would analyze potential variations in adjustments based on factors like work location, wages, housing costs, and geographic expenses. The bill is set to take effect on July 1, 2025, and appears to be part of implementing broader budgetary and administrative provisions from House Bill 2. These changes aim to provide more structured financial management, support historical preservation, and explore potential improvements in state employee compensation strategies.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (1)

Last Action

(H) Died in Standing Committee (on 05/22/2025)

bill text


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