The bill exempts various grant and loan programs administered by the Department of Commerce from the review requirements under the Montana Environmental Policy Act (MEPA). Specifically, it outlines exemptions for programs related to microbusiness development, historic preservation, workforce training, agritourism, cultural tourism, economic development projects, the Montana wood products industry, housing financing, reverse annuity mortgage loans for elderly citizens, and the veterans' home loan mortgage program. Each section of the bill specifies that the Department of Commerce and associated entities are not required to adhere to the provisions of Title 75, chapter 1, parts 1 and 2, when engaging in these activities.

Additionally, the bill includes a provision for notifying tribal governments about the act and establishes codification instructions for each section to be integrated into relevant titles and chapters of Montana law. The act is set to take effect on July 1, 2025.