MontanaBill would send some excess state funds to Montana’s coal fund
If it had taken effect, the bill would have sent part of certain excess state funds to Montana’s coal fund after reserve and building account limits were exceeded.
What it does
After other transfers, the treasurer would send 10% of certain excess funds to Montana’s coal fund, but only when the reserve and building account exceed their stated limits.
Argument forSending a share of excess money to the coal fund could add to Montana’s long-term savings.
Argument againstSending some excess money elsewhere could leave the general fund with less money for other state needs.
More detail
The state treasurer would transfer 10% of certain excess funds to Montana’s coal severance tax permanent fund. The transfer is part of the distribution of funds remaining after the specified transfers to the budget reserve and building account. This applies only if the budget reserve is above 16% of general revenue appropriations and the building account’s excess is above 12%. The text sets July 1, 2025, as the proposed effective date. The transfer would follow the other transfers described in subsection (7)(b).
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Where it stands
- Introduced
- Died
Looking ahead
No hearings or votes scheduled.
History
- 2025
- May 23(H) Died in CommitteeDied
- Apr 8(H) Tabled in Committee - (H) AppropriationsMinor
- Vote recorded to_table. Result: pass.Lower
- Feb 13(H) Hearing - (H) Appropriations
- Feb 12(H) 1st Reading
- Feb 12(H) Referred to Committee - (H) AppropriationsMinor
- Feb 11(S) Transmitted to House
- Vote recorded Do Pass. Result: pass.Upper
- Feb 11(S) 3rd Reading
- Feb 11(S) Scheduled for 3rd ReadingMinor
- Feb 10(S) 2nd ReadingMinor
- Vote recorded Do Pass. Result: pass.Upper
- Feb 10(S) Scheduled for 2nd ReadingMinor
- Feb 5(S) Committee Report - (S) Finance and Claims
- Feb 4(S) Committee Executive Action - (S) Finance and Claims
- Vote recorded do_pass. Result: pass.Upper
- Jan 28(S) Fiscal Note Printed
- Jan 28(S) Fiscal Note Signed
- Jan 27(S) Fiscal Note ReceivedMinor
- Jan 23(S) Hearing - (S) Finance and Claims
- Jan 21(S) Fiscal Note Requested
- Jan 21(S) Referred to Committee - (S) Finance and ClaimsMinor
- Jan 20(S) 1st Reading
- Jan 17(S) Introduced
- Jan 16(LC) Draft Delivered to Requester
- Jan 15(LC) Draft Ready for Delivery
- Jan 15(LC) Draft in Assembly
- Jan 15(LC) Draft in Final Drafter Review
- Jan 15(LC) Draft in Input/Proofing
- Jan 15(LC) Draft in Edit
- Jan 15(LC) Draft in Legal Review
- Jan 15(LC) Drafter AssignedIntroduced
Taxes & Budget