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HB876 • 2025
Sawmill revitalization act
This bill passed the Legislature and reached final enactment based on the latest official action.
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Sawmill revitalization act
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Plain English: Amendment - 1st Reading-white - Requested by: John Fitzpatrick - (H) Appropriations - 2025 69th Legislature 2025 Drafter: Julie Johnson, HB0876.001.001 - 1 - Authorized Print Version – HB 876 1 HOUSE BILL NO.
Plain English: Amendment - 1st Reading/2nd House-blue - Requested by: John Esp - (S) Finance and Claims - 2025 69th Legislature 2025 Drafter: Julie Johnson, HB0876.002.001 - 1 - Authorized Print Version – HB 876 1 HOUSE BILL NO.
Plain English: COMMITTEE 3
Chapter Number Assigned
(H) Signed by Governor
(H) Transmitted to Governor
(S) Signed by President
(H) Signed by Speaker
(H) Returned from Enrolling
(H) Scheduled for 3rd Reading
(H) 3rd Reading Passed as Amended by Senate
(H) Sent to Enrolling
(H) Scheduled for 2nd Reading
(H) 2nd Reading Senate Amendments Concurred
(S) Scheduled for 3rd Reading
(S) 3rd Reading Concurred
(S) Returned to House with Amendments
(S) Scheduled for 2nd Reading
(S) 2nd Reading Concurred
(S) Committee Report--Bill Concurred as Amended
(S) Committee Executive Action--Bill Concurred as Amended
(S) Hearing
(S) First Reading
(S) Referred to Committee
(H) 3rd Reading Passed
(H) Transmitted to Senate
(H) 2nd Reading Passed
(H) Revised Fiscal Note Received
(H) Revised Fiscal Note Signed
(H) Fiscal Note Printed
(H) Fiscal Note Received
(H) Fiscal Note Signed
(H) Revised Fiscal Note Requested
(H) Committee Report--Bill Passed as Amended
(H) Committee Executive Action--Bill Passed as Amended
(H) Fiscal Note Requested
(H) Introduced
(H) Referred to Committee
(H) First Reading
(H) Hearing
(LC) Draft in Final Drafter Review
(LC) Draft in Assembly
(LC) Draft Ready for Delivery
(LC) Draft Delivered to Requester
(LC) Draft in Input/Proofing
(LC) Draft in Legal Review
(LC) Draft in Edit
(LC) Draft Taken Off Hold
(LC) Drafter Assigned
(LC) Draft On Hold
Sawmill revitalization act
- 2025 69th Legislature 2025 HB 876 - 1 - Authorized Print Version – HB 876 ENROLLED BILL 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. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: 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 spent during the biennium must revert to the capital developments long-range building program account. - 2025 69th Legislature 2025 HB 876 - 2 - Authorized Print Version – HB 876 ENROLLED BILL Section 4. Codification instruction. [Section 1] is intended to be codified as an integral part of Title 90, chapter 1, and the provisions of Title 90, chapter 1, apply to [section 1]. Section 5. Effective date. [This act] is effective on passage and approval. Section 6. Termination. [This act] terminates June 30, 2027. - END - I hereby certify that the within bill, HB 876, originated in the House. ___________________________________________ Chief Clerk of the House ___________________________________________ Speaker of the House Signed this _______________________________day of____________________________________, 2025. ___________________________________________ President of the Senate Signed this _______________________________day of____________________________________, 2025. HOUSE BILL NO. 876 INTRODUCED BY J. FITZPATRICK, C. KEOGH 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.