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MT SB152
Bill
AI Summary
- Amends Article VIII, Section 13 of the Montana Constitution to allow up to 25% of the Coal Severance Tax Trust Fund to be invested in private corporate capital stock
- Currently, the Montana Constitution generally prohibits public funds from being invested in private corporate stock, with exceptions only for public retirement system assets and state compensation insurance fund assets
- Requires a two-thirds affirmative roll call vote of all members of the legislature for passage
- Submits the constitutional amendment to Montana voters at the November 2026 general election
- Becomes effective only upon approval by the electorate
Legislative Description
Constitutional amendment to revise investment restrictions of coal trust fund
Appropriations
Last Action
(S) Died in Process
5/23/2025
Committee Referrals
Finance and Claims1/15/2025
Full Bill Text
No bill text available