Bill > HB919

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.

Budget and Finance, Government Affairs

https://bills.legmt.gov/#/laws/bill/2/LC0955