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Board

Created by the Montana legislature in 1972, the Board functions as an independent, quasi-judicial Board with full and final authority over its two major responsibilities: the Unified Investment Program and the In-State Investment Program.

Short Term Investment Program

The Board's Short Term Investment Pool (STIP) is a highly liquid investment fund available to state and local governments to serve their short-term cash flow and deposit needs.

Unified Investments Program

The Board oversees the only program specifically required by the Montana Constitution - the Unified Investments Program - to manage the state's financial assets.

INTERCAP Loan Program

The INTERCAP Loan Program provides low-interest loans for a wide variety of needs to Montana local governments.

In-State Loan Programs

As a component of the State's overall economic development efforts, the Board administers various loan and infrastructure programs for new and expanding businesses.

The Montana Board of Investments provides prudent investment management of state and local government funds. We work with financial institutions, state agencies, and local governments to enhance and expand Montana’s economy, assist new and expanding Montana businesses, and lend low-interest funds to eligible governments for a variety of projects.

Fiscal Rate Note