Montana legislation · 2025 Regular Session
Montana HB876: Sawmill revitalization act
Status: Signed into law, May 19, 2025
What the bill says
An act creating the sawmill revitalization special revenue account; authorizing the board of investments to provide loans to parties; providing an appropriation; providing for a fund transfer; and providing an immediate effective date and a termination date.
From the engrossed text:
AN ACT CREATING THE SAWMILL REVITALIZATION SPECIAL REVENUE ACCOUNT; AUTHORIZING THE BOARD OF INVESTMENTS TO PROVIDE LOANS TO PARTIES; PROVIDING AN APPROPRIATION; PROVIDING FOR A FUND TRANSFER; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND A TERMINATION DATE. Section 1. Sawmill revitalization special revenue account. (1) There is a sawmill revitalization special revenue account within the state special revenue fund established in 17-2-102. (2) The board of investments shall administer money deposited in the account in accordance with the Montana In-State Investment Act, Title 17, chapter 6, part 3. (3) The board shall make loans at an interest rate not to exceed 4% from this account to parties with the capacity to revitalize a closed sawmill and return it to commercial operation. Section 2. Transfer of funds. By June 30, 2025, the state treasurer shall transfer $6 million from the capital developments long-range building program account established in 17-7-209 to the sawmill revitalization special revenue account provided for in [section 1]. Section 3. Appropriation. (1) There is appropriated $6 million from the sawmill revitalization account in [section 1] to the board of investments for the biennium ending June 30, 2027, to provide loans to parties with the capacity to revitalize a closed sawmill and return it to commercial operation pursuant to [this act]. (2) Money from this appropriation that is not …
Sponsors
- Fitzpatrick, John (R, 76) · primary sponsor
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
- : (H) 3rd Reading Senate Amendments
- : (H) Scheduled for 3rd Reading
- : (H) 2nd Reading Senate Amendments
Votes
- Do Concur (April 28, 2025): 100 yea, 0 nay, passed
- Do Concur (April 25, 2025): 100 yea, 0 nay, passed
- Do Concur (April 23, 2025): 29 yea, 21 nay, passed
- Do Concur (April 22, 2025): 28 yea, 22 nay, passed
- Do Pass (April 5, 2025): 97 yea, 1 nay, passed
- Do Pass (April 4, 2025): 98 yea, 1 nay, passed
Subjects: Forests and Forestry, Appropriations, Environmental Protection
Common questions
- What is HB876?
- HB876 is a bill in the Montana Legislature (2025 Regular Session): Sawmill revitalization act.
- What does HB876 do?
- In its own words: An act creating the sawmill revitalization special revenue account; authorizing the board of investments to provide loans to parties; providing an appropriation; providing for a fund transfer; and providing an immediate effective date and a termination date.
- What is the status of HB876?
- Signed into law as of May 19, 2025. Latest action: Chapter Number Assigned (May 19, 2025).
- Who sponsored HB876?
- Fitzpatrick, John (R, 76).
- Where is the official record for HB876?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC2391
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.