Bill

Bill > HB680


MT HB680

Generally revise trade and commerce laws


summary

Introduced
02/24/2025
In Committee
03/17/2025
Crossed Over
03/07/2025
Passed
04/28/2025
Dead
Signed/Enacted/Adopted
05/13/2025

Introduced Session

2025 Regular Session

Bill Summary

AN ACT GENERALLY REVISING TRADE AND COMMERCE LAWS; REVISING CONTRACT TERM LIMITS FOR THE MONTANA HERITAGE PRESERVATION AND DEVELOPMENT COMMISSION; AMING SECTION 22-3-1003, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE.”

AI Summary

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.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

(H) Signed by Governor (on 05/13/2025)

bill text


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