Bill > HB876

This bill creates a Sawmill Revitalization Special Revenue Account to provide financial support for reopening closed sawmills in Montana. The state treasurer will transfer $6 million from the capital developments long-range building program account to this new account by June 30, 2025. The Board of Investments will administer the funds and provide loans at an interest rate not exceeding 4% to parties capable of revitalizing and returning closed sawmills to commercial operation. The loan priorities are first given to sawmills closed within the 12 months preceding January 1, 2025, and second priority to sawmills closed more than 12 months before that date. The $6 million appropriation is allocated for the biennium ending June 30, 2027, with any unspent funds reverting to the original capital developments account. The bill becomes effective immediately upon passage and will terminate on June 30, 2027, providing a targeted, time-limited approach to supporting the sawmill industry in Montana.

Budget and Finance

https://bills.legmt.gov/#/laws/bill/2/LC2391