Montana legislation · 2025 Regular Session
Montana HB924: Generally revise state finance laws
Status: Signed into law, June 20, 2025
What the bill says
An act generally revising state finance laws; creating the montana growth and opportunity trust; providing for transfers of volatile revenues to the trust; providing for annual distributions of interest income to state special revenue accounts; providing for reinvestment of a portion of the trust for pensions and housing; providing for calculations related to volatile revenue; establishing a state property relief account; establishing a montana water development state special revenue account; establishing a better local bridge account…
From the engrossed text:
AN ACT GENERALLY REVISING STATE FINANCE LAWS; CREATING THE MONTANA GROWTH AND OPPORTUNITY TRUST; PROVIDING FOR TRANSFERS OF VOLATILE REVENUES TO THE TRUST; PROVIDING FOR ANNUAL DISTRIBUTIONS OF INTEREST INCOME TO STATE SPECIAL REVENUE ACCOUNTS; PROVIDING FOR REINVESTMENT OF A PORTION OF THE TRUST FOR PENSIONS AND HOUSING; PROVIDING FOR CALCULATIONS RELATED TO VOLATILE REVENUE; ESTABLISHING A STATE PROPERTY RELIEF ACCOUNT; ESTABLISHING A MONTANA WATER DEVELOPMENT STATE SPECIAL REVENUE ACCOUNT; ESTABLISHING A BETTER LOCAL BRIDGE ACCOUNT; ESTABLISHING A MONTANA EARLY CHILDHOOD ACCOUNT, BOARD, AND FUNDING; PROVIDING PROPERTY TAX ASSISTANCE THAT IS DISTRIBUTED TO COUNTIES TO BE DISTRIBUTED AS A CREDIT TO CERTAIN PRIMARY RESIDENCES; REQUIRING THE DEPARTMENT OF REVENUE TO CERTIFY PRIMARY RESIDENCES; PROVIDING A PENALTY FOR FALSE OR FRAUDULENT PRIMARY RESIDENCE APPLICATIONS; PROVIDING AN APPEALS PROCESS FOR CERTIFICATION OF A PRIMARY RESIDENCE; PROVIDING A DEFINITION; TRANSFERRING AUTHORITY FOR CERTAIN HOUSING LOANS FROM THE COAL TAX TRUST FUND TO THE MONTANA GROWTH AND OPPORTUNITY TRUST; ESTABLISHING A PENSION FUND; ESTABLISHING THE MONTANA HOUSING TRUST; ALLOWING FOR ADDITIONAL USES OF THE DEBT AND LIABILITY FREE FUND; LIMITING THE TRANSFER OF VOLATILE REVENUE WHEN GENERAL FUND DEFICIT IS CERTIFIED OR OPERATING RESERVE IS ESTIMATED AT A CERTAIN AMOUNT; PROVIDING FOR TRANSFERS FROM THE PENSION FUND TO THE TEACHERS' RETIREMENT SYSTEM OR THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM ON CERTIFICATION OF THE RETIREMENT SYSTEM …
Sponsors
- Jones, Llew (R, 18) · primary sponsor
Latest actions
- : Chapter Number Assigned
- : (H) Signed by Governor
- : (H) Transmitted to Governor
- : (S) Signed by President
- : (H) Signed by Speaker
- : (H) Returned from Enrolling
- : (H) Sent to Enrolling
- : (H) 3rd Reading Senate Amendments
- : (H) Scheduled for 3rd Reading
- : (H) 2nd Reading Senate Amendments
Votes
- Do Concur (April 29, 2025): 60 yea, 39 nay, passed
- Do Concur (April 28, 2025): 63 yea, 37 nay, passed
- Do Concur (April 24, 2025): 27 yea, 23 nay, passed
- Do Concur As Amended (April 22, 2025): 27 yea, 23 nay, passed
- AMD-HB0924.002.019 Glimm D/PASS (April 22, 2025): 25 yea, 25 nay, failed
- AMD-HB0924.002.018 Glimm D/PASS (April 22, 2025): 23 yea, 27 nay, failed
Subjects: State Finance
Common questions
- What is HB924?
- HB924 is a bill in the Montana Legislature (2025 Regular Session): Generally revise state finance laws.
- What does HB924 do?
- In its own words: An act generally revising state finance laws; creating the montana growth and opportunity trust; providing for transfers of volatile revenues to the trust; providing for annual distributions of interest income to state special revenue accounts; providing for reinvestment of a portion of the trust for pensions and housing; providing for calculations related to volatile revenue; establishing a state property relief account; establishing a montana water development state special revenue account; establishing a better local bridge account…
- What is the status of HB924?
- Signed into law as of June 20, 2025. Latest action: Chapter Number Assigned (June 20, 2025).
- Who sponsored HB924?
- Jones, Llew (R, 18).
- Where is the official record for HB924?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC1199
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.