HELENA, Mont. (AP) – The Montana State Fund board of administrators has voted to withdraw its lawsuit difficult a control price handed all through the particular legislative consultation to assist pay for the state’s document fireplace season.
The board voted Five-2 Wednesday to drop the grievance. The transient three % control price on state fund property above $1 billion is anticipated to elevate just about $30 million over the following two years.
Board contributors voted 6-Zero previous this month to foyer against the proposed invoice and to take criminal motion if it handed.
Gov. Steve Bullock appointed two new board contributors and re-appointed two others the day after the particular consultation ended. All 4 voted Wednesday to withdraw the lawsuit. One of the ones had now not voted previous this month.
Supporters of continuous the lawsuit argued the board has a monetary accountability to policyholders.
This model corrects that previous board vote used to be 6-Zero in prefer of lobbying against the invoice