This bill aims to revise housing laws in Montana by transferring $50 million from the general fund to the Housing Montana Fund within 15 days of the act's effective date. Additionally, it mandates the Department of Commerce to review and update existing administrative rules under its authority, with the requirement that any amendments be adopted before the 70th legislative session.

The bill also establishes an effective date of July 1, 2025, for its provisions. These changes are intended to enhance the state's housing initiatives and ensure that the regulatory framework is current and effective in addressing housing needs.