Senate Bill No. [number], introduced by G. Hertz, aims to enhance the Noxious Weed Management Trust Fund by transferring $10 million from the general fund to this trust fund by June 30, 2025. The bill includes provisions for the management of interest and income generated by the trust fund, stipulating that one-quarter of this interest and income must remain within the trust fund. Additionally, the bill amends Section 80-7-811 of the Montana Code Annotated to clarify that any funds transferred or deposited into the trust fund are considered part of the trust corpus.

The legislation also establishes rules for the deposit of interest and income, ensuring that the trust fund is effectively managed in accordance with state constitutional requirements. The bill is set to take effect immediately upon passage and approval, reflecting a commitment to bolster efforts in managing noxious weeds in Montana.

Statutes affected:
SB0167_2(1): 80-7-811
SB0167_2(2): 80-7-811
SB0167_2(3): 80-7-811
SB0167_2: 80-7-811