Reinvestment of growth and opportunity trust
Transfers into the reinvestment portion of the Montana growth and opportunity trust established in 17-1-401 are allocated as follows:
(1) 80% to the pension fund provided for in 17-7-135 until the balance in the fund equals $1 billion; and
(2) 20% to a Montana housing trust provided for in 90-6-150 until the balance in the Montana housing trust equals $500 million.
(3) Any remaining transfer amount must remain in the reinvestment portion of the trust and is not allocated to any purpose.
| EnactedEn. SectionSec. 3, ChapterCh. 775, Laws ofL. 2025 (HB 924 - Jones, Llew (R) HD 18) |