Revise laws on Montana housing infrastructure revolving loan fund on deed restrictions, usage, and interest
This bill directs the Montana Housing Infrastructure Revolving Loan Fund to keep all interest and income it earns rather than distributing them elsewhere. It also requires that the fund's principal can only be used if approved by a two-thirds vote in both legislative chambers. The legislation authorizes the state treasurer to transfer $50 million from the general fund to the account in 2025 and another $50 million in 2026. Additionally, the law applies retroactively to interest and income earned since June 2023.
Bill status
introduced
1 of 4 stages cleared
Introduction
Nov 2024
Committee Review
Floor Vote
Governor
Introduced Nov 22, 2024
Last action Feb 12, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
17
Key actions
0
Committee
0
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about LC 1905
Scope: MT
Hi! I can help you understand LC 1905. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline