This bill, requested by the Department of Natural Resources and Conservation, aims to implement the Renewable Resource Grant and Loan Program by appropriating funds for grants under this program. It establishes priorities for project grants and specifies the amounts available, as well as setting conditions for the grants. Additionally, the bill facilitates a transfer of funds from the state general fund to the Natural Resources Projects State Special Revenue Account, ensuring that resources are allocated effectively for renewable resource initiatives.

Furthermore, the legislation includes provisions for a contingent loan specifically designated for Milk River repair projects, highlighting the importance of infrastructure maintenance in conjunction with renewable resource development. The bill emphasizes the need for coordination of funding to maximize the impact of the grants and loans provided under this program. An effective date for the implementation of these measures is also included, ensuring timely execution of the proposed initiatives.