Montana legislation · 2025 Regular Session
Montana SB152: Constitutional amendment to revise investment restrictions of coal trust fund
Status: Failed, May 23, 2025
What the bill says
A bill for an act entitled: "an act submitting to the qualified electors of montana an amendment to article viii, section 13, of the montana constitution to allow a portion of the coal severance tax trust fund to be invested in private corporate stock; and providing an effective date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT SUBMITTING TO THE QUALIFIED ELECTORS OF MONTANA AN AMENDMENT TO ARTICLE VIII, SECTION 13, OF THE MONTANA CONSTITUTION TO ALLOW A PORTION OF THE COAL SEVERANCE TAX TRUST FUND TO BE INVESTED IN PRIVATE CORPORATE STOCK; AND PROVIDING AN EFFECTIVE DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Article VIII, section 13, of The Constitution of the State of Montana is amended to read: "Section 13. Investment of public funds and public retirement system and state compensation insurance fund assets. (1) The legislature shall provide for a unified investment program for public funds and public retirement system and state compensation insurance fund assets and provide rules therefor, including supervision of investment of surplus funds of all counties, cities, towns, and other local governmental entities. Each fund forming a part of the unified investment program shall be separately identified. Except as provided in subsections (3) and (4), through (5), no public funds shall may be invested in private corporate capital stock. The investment program shall be audited at least annually and a report thereof submitted to the governor and legislature. (2) The public school fund and the permanent funds of the Montana university system and all other state institutions of learning shall be safely and conservatively invested …
Sponsors
- Fern, Dave (D, 2) · primary sponsor
Latest actions
- : (S) Died in Process
- : (S) Missed Deadline for Referendum Proposal Transmittal
- : (S) Tabled in Committee
- : (S) Sponsor Rebuttal to Fiscal Note Printed
- : (S) Fiscal Note Printed
- : (S) Sponsor Rebuttal to Fiscal Note Signed
- : (S) Sponsor Rebuttal to Fiscal Note Received
- : (S) Fiscal Note Unsigned
- : (S) Hearing
- : (S) Fiscal Note Received
Subjects: Taxation--Coal, Constitutional Amendment Proposals, Taxation, State Finance
Common questions
- What is SB152?
- SB152 is a bill in the Montana Legislature (2025 Regular Session): Constitutional amendment to revise investment restrictions of coal trust fund.
- What does SB152 do?
- In its own words: A bill for an act entitled: "an act submitting to the qualified electors of montana an amendment to article viii, section 13, of the montana constitution to allow a portion of the coal severance tax trust fund to be invested in private corporate stock; and providing an effective date.".
- What is the status of SB152?
- Failed as of May 23, 2025. Latest action: (S) Died in Process (May 23, 2025).
- Who sponsored SB152?
- Fern, Dave (D, 2).
- Where is the official record for SB152?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC4156
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.