Senate Bill No. introduced by D. Fern aims to revise housing-related laws in Montana by transferring $50 million from the general fund to the Housing Montana Fund. This transfer is mandated to occur within 15 days of the bill's effective date. Additionally, the bill requires the Department of Commerce to review and update existing administrative rules under its authority, with the stipulation that any necessary amendments must be adopted before the 70th legislative session.

The bill also establishes an effective date of July 1, 2025, for its provisions. This legislative action is intended to enhance funding for housing initiatives and ensure that the regulatory framework governing housing is current and effective.