Bill > SB500

This bill modifies Montana's existing land banking and state land sale regulations, specifically focusing on cabin and home site sales. The legislation allows current lessees of state land to cancel a proposed sale under certain conditions, with changes to the bid bond requirements and sale preparation costs. For cabin or home site sales, the bill reduces the bid bond requirement from 20% to 5% of the minimum sale price and clarifies the process for sale cancellation. The bill specifies that when a lessee initiates a sale, they must pay estimated preparation costs upfront, which will be refunded if they are not the final purchaser. For cabin and home site sales, the department will now prepare and cover the cost of land surveys, with the option for lessees to prepay the survey if desired. The bill also exempts cabin and home site sales from certain environmental review requirements. The legislation is effective immediately upon passage and applies to proposed sales of cabin or home sites initiated on or after its effective date, providing more flexibility and clarity in the process of selling state-owned cabin and home sites in Montana.

Agriculture and Natural Resources

https://bills.legmt.gov/#/laws/bill/2/LC1063