Montana legislation · 2025 Regular Session
Montana HB8: Renewable resource bonds and loans
Status: Signed into law, May 8, 2025
What the bill says
An act approving renewable resource projects and authorizing loans; appropriating money to the department of natural resources and conservation for loans under the renewable resource grant and loan program; authorizing the issuance of coal severance tax bonds; and providing an effective date.
From the engrossed text:
AN ACT APPROVING RENEWABLE RESOURCE PROJECTS AND AUTHORIZING LOANS; APPROPRIATING MONEY TO THE DEPARTMENT OF NATURAL RESOURCES AND CONSERVATION FOR LOANS UNDER THE RENEWABLE RESOURCE GRANT AND LOAN PROGRAM; AUTHORIZING THE ISSUANCE OF COAL SEVERANCE TAX BONDS; AND PROVIDING AN EFFECTIVE DATE. Section 1. Authorization to provide loans. (1) The legislature finds that the renewable resource projects listed in this section meet the provisions of 17-5-702. The department of natural resources and conservation is authorized to make loans to the political subdivisions of state government and local governments listed in subsection (2) in amounts not to exceed the loan amounts listed for each project from the proceeds of the bonds authorized in [section 3]. (2) The interest rate for the projects in this subsection is 3.0% or the rate at which the state bonds are sold, whichever is lower, for up to 30 years: Loan Amount DNRC Water Resources Division DNRC Willow Creek Dam Rehabilitation $14,000,000 DNRC Water Resources Division DNRC Painted Rocks Dam Rehabilitation, Phase 1 $15,000,000 Fort Shaw Irrigation District Fort Shaw Irrigation District Simms Creek Siphon Replacement $5,181,317 Hammond Irrigation District Hammond Irrigation District Big Porcupine Siphon Rehabilitation $241,900 Kinsey Irrigation District - 1 - Authorized Print Version - HB 8 ENROLLED BILL **** 69th Legislature 2025 HB 8 Kinsey Irrigation District Harris Creek Spill Structure Rehabilitation …
Sponsors
- Fitzpatrick, John (R, 76) · primary sponsor
- Boldman, Ellie (D, 47)
Latest actions
- : Chapter Number Assigned
- : (H) Signed by Governor
- : (H) Transmitted to Governor
- : (S) Signed by President
- : (H) Signed by Speaker
- : (H) Returned from Enrolling
- : (H) Sent to Enrolling
- : (S) Returned to House
- : (S) 3rd Reading
- : (S) Scheduled for 3rd Reading
Votes
- Do Concur (April 14, 2025): 48 yea, 0 nay, passed
- Do Concur (April 12, 2025): 50 yea, 0 nay, passed
- Do Pass (March 1, 2025): 91 yea, 6 nay, passed
- Do Pass (February 28, 2025): 93 yea, 5 nay, passed
Subjects: Water, Debt, Creation of State, Appropriations, State Finance, Appropriations, Coal Tax Fund Principal
Common questions
- What is HB8?
- HB8 is a bill in the Montana Legislature (2025 Regular Session): Renewable resource bonds and loans.
- What does HB8 do?
- In its own words: An act approving renewable resource projects and authorizing loans; appropriating money to the department of natural resources and conservation for loans under the renewable resource grant and loan program; authorizing the issuance of coal severance tax bonds; and providing an effective date.
- What is the status of HB8?
- Signed into law as of May 8, 2025. Latest action: Chapter Number Assigned (May 8, 2025).
- Who sponsored HB8?
- Fitzpatrick, John (R, 76), with 1 co-sponsor.
- Where is the official record for HB8?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0713
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.