WeVote
Log In

Bill

Bill

LC 3382

Generally revise laws relating to the board of investments

2025 Regular Session

Montana draft bill proposing comprehensive revision of Board of Investments laws died in legislative process without advancing to formal consideration.

(LC) Draft Died in Process
#bondissues #public #revenue #state #stategovernment
0
WeVote Research Nonpartisan
Bill Summary · LC 3382

Legislative bill overview

LC 3382 is a draft bill from Montana designed to comprehensively revise statutes governing the state's Board of Investments. The bill underwent the legislative drafting process but died without advancing to formal introduction, meaning it never reached committee or floor consideration.

Why is this important

The Board of Investments manages Montana's pension funds and other state investment portfolios, directly affecting retirement security for public employees and the long-term financial health of state programs. Revisions to its governing laws could impact investment strategy, fund management, administrative procedures, and beneficiary protections.

Potential points of contention

  • Scope of authority: Changes to the Board's powers could affect how aggressively or conservatively state funds are invested, with implications for returns versus risk
  • Accountability mechanisms: Revisions might alter reporting requirements, transparency standards, or oversight procedures that stakeholders monitor closely
  • Administrative efficiency versus oversight trade-offs: Streamlining procedures could improve operations but might reduce checks and balances on investment decisions

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.