This bill authorizes the Department of Natural Resources and Conservation (DNRC) to provide loans for various renewable resource projects, with a total loan amount not exceeding $121,198,444. The loans will be funded through coal severance tax bonds, which the board of examiners is authorized to issue. The interest rate for these loans is set at 3.0% or the rate at which the state bonds are sold, whichever is lower, and the loans can be repaid over a period of up to 30 years. The bill also reauthorizes certain projects that were previously approved but did not meet the necessary requirements to obtain funding by the deadline.

Additionally, the bill outlines the conditions under which the loans will be disbursed, including the need for project sponsors to secure other funding commitments and complete specific requirements set by the DNRC. It establishes appropriations for any state entity receiving a loan and mandates that the secretary of state notify tribal governments in Montana about the act. The bill is set to take effect on July 1, 2025, and requires a two-thirds vote from the legislature due to the creation of state debt.