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MT HB876

Bill

Official Source

Status

Passed

5/13/2025

Primary Sponsor

John Fitzpatrick

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Creates the Sawmill Revitalization Special Revenue Account to provide low-interest loans for reopening closed sawmills in Montana
  • Transfers $6 million from the capital developments long-range building program account to fund the program by June 30, 2025
  • Board of Investments administers the account and provides loans at interest rates not exceeding 4% to parties capable of returning closed sawmills to commercial operation
  • Appropriates $6 million for the biennium ending June 30, 2027; unspent funds revert to the capital developments long-range building program account
  • Effective immediately upon passage and terminates June 30, 2027

Legislative Description

Sawmill revitalization act

Appropriations

Last Action

Chapter Number Assigned

5/19/2025

Committee Referrals

Finance and Claims4/7/2025
Appropriations3/26/2025

Full Bill Text

No bill text available