Bill > HB881

This bill generally revises economic development laws in Montana. The key provisions of the bill include: - Extending the sunset date on the coal severance tax trust fund for the Big Sky Economic Development Program from 2025 to 2035. - Removing local and tribal governments as eligible applicants for Big Sky Economic Development Program funding, and instead allowing businesses to apply directly to the program. - Removing requirements related to high-poverty counties and job creation criteria for the Big Sky Economic Development Program. - Allowing the program to provide awards for workforce activities, in addition to other types of economic development assistance. - Transferring funds from the Microbusiness Finance Program Administrative Account and the Primary Sector Business Training Account to the Economic Development State Special Revenue Account. - Transferring defederalized economic development funds from the Department of Commerce to the Economic Development State Special Revenue Account. - Revising definitions and providing rulemaking authority for the Big Sky Economic Development Program.

Budget and Finance, Business and Industry

https://laws.leg.mt.gov/legprd/LAW0210W$BSIV.ActionQuery?P_BILL_NO1=881&P_BLTP_BILL_TYP_CD=HB&Z_ACTION=Find&P_SESS=20231