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MT HB941

Bill

Official Source

Status

Failed

5/20/2025

Primary Sponsor

Anthony Nicastro

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • State treasurer must transfer all interest earnings from American Rescue Plan Act (ARPA) funds into the coal severance tax permanent fund within 10 days of the act's effective date
  • Appropriates $100 from the general fund to the Department of Revenue for the 2025 biennium to implement the transfer
  • If Senate Bill No. 90 does not pass, the interest earnings would instead go to the coal endowment regional water system fund
  • If House Bill No. 4 also passes, removes language allowing ARPA federal budget authority to continue into federal fiscal year 2027
  • Takes effect immediately upon passage and approval

Legislative Description

Revise state finance laws related to ARPA interest and the coal trust fund

Appropriations

Last Action

(H) Died in Process

5/20/2025

Committee Referrals

Appropriations3/31/2025

Full Bill Text

No bill text available