This bill proposes an amendment to Article VIII, section 13 of the Montana Constitution, allowing for the investment of up to 25 percent of the funds in the coal severance tax trust fund in private corporate capital stock. The current law prohibits public funds from being invested in private corporate stock, with exceptions for public retirement system assets and state compensation insurance fund assets, which can be invested in such stocks under specific fiduciary management conditions. The bill removes the previous limitations on public funds and introduces the new provision for the coal severance tax trust fund.

Additionally, the bill stipulates that it requires a two-thirds affirmative vote from the legislature for passage, as it is a constitutional amendment. It also outlines that the act will be submitted to the qualified electors of Montana during the general election in November 2026, where voters will have the opportunity to approve or reject the amendment.