House Bill No. [insert bill number] proposes several amendments to existing laws regarding the Board of Investments and the distribution of accommodations tax proceeds. The bill requires the Board of Investments to operate under a restricted fiduciary fund type and temporarily allows the use of accommodations tax for historical sites at Reeder's Alley and Virginia City. Additionally, it mandates a study on cost-of-living adjustments for state employees, taking into account factors such as work location, wages, and housing costs. The bill amends Sections 2-15-1808 and 15-65-121 of the Montana Code Annotated (MCA) to reflect these changes.

The bill also specifies the allocation of tax proceeds, including a new provision that designates $250,000 each year for projects at Reeder's Alley and Grace Methodist Church in Virginia City. Other allocations include funds for the Montana historical society, university system, and various state agencies. The effective date for the provisions of this act is set for July 1, 2025.

Statutes affected:
LC Text: 2-15-1808
HB0919_1(1): 2-15-1808
HB0919_1(2): 2-15-1808
HB0919_1(3): 2-15-1808
HB0919_1(4): 2-15-1808
HB0919_1(5): 2-15-1808
HB0919_1(6): 2-15-1808
HB0919_1: 2-15-1808
HB0919_2(1): 2-15-1808, 15-65-121
HB0919_2(2): 2-15-1808, 15-65-121
HB0919_2(3): 2-15-1808, 15-65-121
HB0919_2(4): 2-15-1808
HB0919_2(5): 2-15-1808
HB0919_2(6): 2-15-1808
HB0919_2(7): 2-15-1808
HB0919_2(8): 2-15-1808
HB0919_2: 2-15-1808, 15-65-121