This bill aims to revise existing laws related to the Coal Tax Trust by establishing two new funds: the Conservation District Fund and the Coal Board Fund. It proposes to allocate coal severance tax funds to these newly created funds while also revising the overall allocation of coal severance taxes. Additionally, the bill includes provisions for transferring funds, specifically transferring money from the General Fund to the School Facility Fund, and it provides an appropriation for these activities.

The bill also includes amendments to specific sections of the Montana Code Annotated (MCA), specifically sections 17-5-703 and 90-6-1001, to facilitate these changes. The effective date of the bill will be established upon its passage. Overall, the legislation seeks to enhance the management and distribution of coal tax revenues to support conservation efforts and educational facilities.

Statutes affected:
HB0321_1.pdf: 17-5-703
HB0321_2.pdf: 17-5-703
HB0321_3.pdf: 17-5-703
Amended: 17-5-703
Introduced: 17-5-703