Montana legislation · 2025 Regular Session
Montana HB941: Revise state finance laws related to ARPA interest and the coal trust fund
Status: Failed, May 20, 2025
What the bill says
A bill for an act entitled: "an act providing for a transfer of interest earnings from the american rescue plan act funds; providing an appropriation; and providing an immediate effective date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT PROVIDING FOR A TRANSFER OF INTEREST EARNINGS FROM THE AMERICAN RESCUE PLAN ACT FUNDS; PROVIDING AN APPROPRIATION; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Transfer of interest earnings from American Rescue Plan Act. By [10 days after the effective date of this act], the state treasurer shall transfer all interest earnings on funds from the American Rescue Plan Act of 2021, Public Law 117-2, as provided in 31 CFR, part 35, into the coal severance tax permanent fund established in 17-5-703 pursuant to Article IX, section 5, of the Montana constitution. NEW SECTION. Section 2. Appropriation. There is appropriated $100 from the general fund to the department of revenue for the biennium beginning July 1, 2025, for the purposes of implementing [this act]. COORDINATION SECTION. Section 3. Coordination instruction. (1) If both [this act] and House Bill No. 4 are passed and approved, then the following language in [section 2 of House Bill No. 4] under "Governor's Office, Office of Budget and Program Planning" is struck from House Bill No. 4: "All remaining fiscal year 2025 federal budget amendment authority for the following is authorized to continue into federal fiscal year 2027: - 31 CFR, part 35" (2) …
Sponsors
- Nicastro, Anthony (R, 50) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for Appropriation Bill Transmittal
- : (H) Fiscal Note Printed
- : (H) Fiscal Note Signed
- : (H) Fiscal Note Received
- : (H) Hearing Canceled
- : (H) Tabled in Committee
- : (H) Hearing
- : (H) 1st Reading
- : (H) Referred to Committee
Subjects: Appropriations, State Finance
Common questions
- What is HB941?
- HB941 is a bill in the Montana Legislature (2025 Regular Session): Revise state finance laws related to ARPA interest and the coal trust fund.
- What does HB941 do?
- In its own words: A bill for an act entitled: "an act providing for a transfer of interest earnings from the american rescue plan act funds; providing an appropriation; and providing an immediate effective date.".
- What is the status of HB941?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB941?
- Nicastro, Anthony (R, 50).
- Where is the official record for HB941?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC4458
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.