House Bill No. [insert bill number] proposes the establishment of a Montana trade office in Israel, aimed at enhancing trade and tourism between the two regions. The bill mandates the Department of Commerce to create and staff this office with at least one employee, focusing on promoting bilateral trade and fostering cultural, diplomatic, and economic ties. The trade office will specifically target sectors such as agriculture, technology, and educational exchange programs, while ensuring that its activities do not interfere with interstate or international commerce.
To support the establishment of this trade office, the bill includes an appropriation of $500,000 from the general fund for the biennium beginning July 1, 2025. This funding is intended to be part of the ongoing budget until June 30, 2033, at which point it will be removed from the base budget. The bill also outlines that it will take effect on July 1, 2025, and will terminate on June 30, 2033. Additionally, the provisions of the new section regarding the trade office are intended to be codified as part of Title 90 of the Montana Code.