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Committee advances bill allowing Board of Investments to retain income from workforce-housing fund for Deer Lodge employees
Summary
Senate Bill 223 would let the Board of Investments retain interest and income on a $12 million workforce-housing fund to support entry-level employees at the state prison and Montana State Hospital in Deer Lodge.
Senate Bill 223, introduced by Senator John Esp (Senate District 209), would allow the Board of Investments to retain interest and other income on a $12 million workforce-housing fund established last session to build housing for entry-level employees at the state prison and the Montana State Hospital in Deer Lodge.
Senator Esp said the program’s units are not intended as permanent government housing but as limited leases — currently five-year leases — that provide employees a way to build equity and later use accumulated funds toward a down payment on a privately owned home. He described the bill as a correction of drafting that moved the original trust into a state special revenue fund; because state special revenue…
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