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Montana / State / 2025 Session

Ch. 775, L. 2025 (House Bill 924) Moved the veterans’ home loan program from the coal tax trust to the Montana Housing Trust

Catalog reconciledEnactedScope changed

Signed

No change to benefits Moves the veterans' home loan program's funding to the Montana Housing Trust; the rate and terms are unchanged.

House Bill 924 created the Montana Growth and Opportunity Trust and, within it, a Montana Housing Trust, and section 33 amended 90-6-603 so that the veterans’ home loan mortgage program is funded from the housing trust rather than from the principal of the coal tax trust fund. The Board of Housing administers $50 million or more of the trust for the program. Nothing changes for a borrower: the rate is still one percent below the Board’s posted rate and the terms are unchanged. Tracked because every description of the program written before 2025 calls it a coal trust program, and because the funding source is what determines whether the revolving fund has money in it in a given year.

Progress

Path to law: Bill in a two-chamber legislature

  1. Introduced Done, House
  2. In committee Done, House Appropriations, then Senate Finance and Claims
  3. Passed one chamber Done, House
  4. Passed both chambers Done, The Senate passed it amended on April 24, 2025 and the House concurred
  5. Signed by the governor Done,
  6. In effect Done,

Sponsors

  • Llew JonesSponsor, Republican, House, District 18
  • Brandon LerCo-sponsor, Republican, House, District 33
  • Paul TussCo-sponsor, Democratic, House, District 27
  • Marta BertoglioCo-sponsor, Republican, House, District 75
  • John FitzpatrickCo-sponsor, Republican, House, District 76
  • Curtis CochranCo-sponsor, Republican, House, District 90
  • Eric AlbusCo-sponsor, Republican, House, District 28
  • Eric TillemanCo-sponsor, Republican, House, District 23
  • Linda RekstenCo-sponsor, Republican, House, District 13
  • Connie KeoghCo-sponsor, Democratic, House, District 92
  • Gary ParryCo-sponsor, Republican, House, District 35
  • Ken WalshCo-sponsor, Republican, House, District 69
  • Brad BarkerCo-sponsor, Republican, House, District 55
  • Jonathan KarlenCo-sponsor, Democratic, House, District 98
  • David BedeyCo-sponsor, Republican, House, District 86

What it touches

  • Mont. Code Ann. § 90-6-603

Catalog entry

Official record

Read Ch. 775, L. 2025 (House Bill 924) on the jurisdiction's own record