The bill proposes amendments to Section 17-7-130 of the Montana Code Annotated, focusing on the management of excess funds within the state's budget stabilization reserve fund. It establishes a biennial transfer of excess funds into the Montana coal severance tax permanent fund. Specifically, the bill introduces new provisions that require 10% of any funds exceeding the established thresholds to be transferred to the Montana coal severance tax permanent fund, while also adjusting the percentage of remaining funds in excess that stay in the general fund from 25% to 15%.

Additionally, the bill outlines the process for calculating the operating reserve level of the general fund balance and specifies the distribution of excess revenue after the reserve levels are met. The effective date for these changes is set for July 1, 2025. Overall, the bill aims to enhance the financial management of state funds by ensuring that excess revenues are allocated effectively, particularly towards the coal severance tax permanent fund.

Statutes affected:
LC Text: 17-7-130
SB0171_1(1): 17-7-130
SB0171_1(2): 17-7-130
SB0171_1(3): 17-7-130
SB0171_1(4): 17-7-130
SB0171_1: 17-7-130