This bill amends Section 77-1-902 of the Montana Code Annotated to clarify that the commercial leasing of state trust land can include the development of both single-family and multifamily residential properties under a master lease specifically aimed at creating attainable workforce housing. The bill revises the definition of "commercial purpose" to explicitly include these types of residential developments, particularly those authorized under a lease with a master lessee, which may also involve nonprofit corporations focused on workforce housing.

Additionally, the bill makes several adjustments to existing definitions within the statute. It specifies that "commercial lease" refers to contracts for using state trust land for commercial purposes, while also excluding certain uses such as agriculture, grazing, and utility rights-of-way. The revisions aim to enhance the understanding and application of commercial leasing for residential development, thereby supporting the availability of affordable housing options in Montana.

Statutes affected:
LC Text: 77-1-902
HB0931_1(1): 77-1-902
HB0931_1(2): 77-1-902
HB0931_1(3): 77-1-902
HB0931_1(4): 77-1-902
HB0931_1(5): 77-1-902
HB0931_1: 77-1-902
HB0931_X(1): 77-1-902
HB0931_X(2): 77-1-902
HB0931_X(3): 77-1-902
HB0931_X(4): 77-1-902
HB0931_X(5): 77-1-902
HB0931_X(6): 77-1-902
HB0931_X: 77-1-902