Generally revise state finance laws
This bill revises Montana's state finance laws by updating how investment income is split between the general fund and the debt and liability free account, requiring an equal 50/50 distribution starting in fiscal year 2025. It establishes a $150 million cap on the debt and liability free account, mandating that any excess funds be transferred to the pension state special revenue account to boost its balance to $300 million. The legislation also clarifies reporting requirements for the debt and liability free account and adjusts employer supplemental contribution rates for retirement systems. These changes directly affect state budget management, debt repayment strategies, and pension funding levels.
Bill status
introduced
1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
Governor
Introduced Dec 8, 2024
Last action Feb 6, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
10
Key actions
0
Committee
0
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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