Montana HB919 authorizes transfers and measures to implement provisions of HB 2, focusing on the Board of Investments.

Montana HB919 amends Section 2-15-1808, MCA, to require the Board of Investments to perform duties in a restricted fiduciary fund type. The board, within the Department of Commerce, is composed of nine members appointed by the governor and two ex officio, nonvoting legislative liaisons. The board may employ a chief investment officer and an executive director responsible for staff management and investment activities. The act also outlines the duties and annual salaries of the chief investment officer and executive director, and specifies the compensation and expenses for legislative liaisons.

Montana HB919 authorizes transfers and measures to implement provisions of HB 2, focusing on the Board of Investments.

Montana HB919 amends Section 2-15-1808, MCA, to require the Board of Investments to perform duties in a restricted fiduciary fund type. The board, within the Department of Commerce, is composed of nine members appointed by the governor and two ex officio, nonvoting legislative liaisons. The board may employ a chief investment officer and an executive director responsible for staff management and investment activities. The act also outlines the duties and annual salaries of the chief investment officer and executive director, and specifies the compensation and expenses for legislative liaisons.