Bill > HB680

This bill modifies the contract provisions for the Montana Heritage Preservation and Development Commission, primarily expanding the potential contract term limit for commercial leases with private organizations that make substantial capital investments. Specifically, the bill increases the standard 20-year contract term limit to a potential 99-year term for such special cases. The bill also makes several technical amendments to the existing law, including renumbering subsections and clarifying provisions around building construction, contract negotiations, and property sales. Key changes include allowing the commission to contract for preservation or stabilization of structures over $300,000 without legislative consent if delaying would cause damage, requiring a portion of profits to be reinvested in properties, and establishing a policy for property acquisitions and sales that considers factors like cultural significance, economic stability, and potential social impacts. The bill provides more flexibility for the commission in managing historic properties, with an immediate effective date upon passage and approval.

Government Affairs

https://bills.legmt.gov/#/laws/bill/2/LC3617