HB 941 Montana House · 2025 Regular Session

Revise state finance laws related to ARPA interest and the coal trust fund

HB 941 proposed to transfer all interest earnings generated from federal American Rescue Plan Act (ARPA) funds. The bill directed the state treasurer to move these earnings into the coal severance tax permanent fund. It also included a small appropriation of $100 to the Department of Revenue for implementing the act. The bill specified alternative destinations for the funds and adjustments to other legislation, depending on the passage of related bills.

Issues: ✗ Energy

Bill status died 1 of 4 stages cleared

Introduction

Mar 2025

Committee Review

Floor Vote

Governor

Introduced Mar 31, 2025 Last action May 20, 2025

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What changed between versions

LC4458.pdf → HB0941_1.pdf · 3 edits

MINOR

The bill was renumbered from LC 4458 to HB 941 and its sponsor was identified as A. Nicastro. The primary substantive change clarifies the timeline for transferring interest earnings, shifting the trigger from '10 days from the effective date' to '10 days after the effective date' to ensure the funds are available for transfer. A minor capitalization change was also made to 'Montana Constitution'.

TIMELINE

Changed the deadline for transferring interest earnings from '10 days from the effective date' to '10 days after the effective date' to clarify when the transfer must occur relative to the bill's enactment.

TECHNICAL

Updated the bill number from LC 4458 to HB 941 and identified the primary sponsor as A. Nicastro.

Capitalized 'Montana Constitution' in the text to ensure proper grammatical formatting.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 2, 2025

Amended

(H) Tabled in Committee - (H) Appropriations

lower

Mar 31, 2025

Committee

(H) Referred to Committee - (H) Appropriations

lower

Mar 31, 2025

Introduced

(H) Introduced

lower

1 primary · 0 co-sponsors