MT SB339

Establishes a $10 million cap on the oil and gas production damage mitigation account; when the unobligated balance reaches or exceeds this threshold, no further deposits from oil and gas production taxes will be made to the account

Redirects excess funds that would otherwise go to the damage mitigation account to the board's expense account as reserves or for legislative transfer for purposes related to oil and gas production impacts

Adds oil and gas production tax revenue as a funding source for the damage mitigation account, supplementing the existing $650,000 biennial allocation from resource indemnity trust fund interest

Maintains existing county-by-county distribution percentages for oil and natural gas production taxes, ranging from 39.33% (Rosebud) to 69.53% (Custer)

Effective date: July 1, 2025