Montana HB505 allows the Montana housing infrastructure revolving loan fund to retain interest and income and mandates fund transfers.
Montana HB505 amends the Montana housing infrastructure revolving loan fund to allow the board of investments to retain all interest and income generated by the fund. The fund, established within the state special revenue fund, is used to finance residential development infrastructure projects. The bill also mandates the state treasurer to transfer $50 million from the general fund to the Montana housing infrastructure revolving loan fund by June 30, 2025, and another $50 million by June 30, 2026.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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