MT HB8

Authorizes up to $121,198,444 in coal severance tax bonds for the biennium beginning July 1, 2025, with up to $12,119,844 reserved for bond reserves

Approves new loans totaling approximately $36.6 million for water infrastructure projects including Willow Creek Dam Rehabilitation ($14 million), Painted Rocks Dam Rehabilitation Phase 1 ($15 million), and irrigation district siphon/pipeline projects

Reauthorizes $84.5 million in loans from the 68th Legislature that may not meet requirements by June 30, 2025, including $40 million for St. Mary's Milk River Project and $30 million for regional water authority local matching funds

Sets loan interest rates at 3.0% or the state bond sale rate, whichever is lower, with terms up to 30 years

Requires two-thirds legislative vote for state debt creation and three-fourths vote for coal severance tax appropriation per Montana constitution; effective July 1, 2025