Montana 2025 Regular Session

Montana Senate Bill SB171

Introduced
1/17/25  
Refer
1/21/25  
Engrossed
2/11/25  
Refer
2/12/25  

Caption

Transfer a portion of ending fund balance into the coal trust fund

Impact

The introduction of SB171 will have significant implications for state financial practices. Notably, it establishes a framework for transferring funds beyond just general appropriations, potentially leading to increased reserves within the coal severance tax permanent fund. This may positively impact future financial planning and resource allocation, particularly in relation to coal industry funding, which is vital in Montana's economic landscape. The bill is expected to create a more predictable financial environment, allowing for enhanced budgetary resilience during periods of economic uncertainty.

Summary

Senate Bill 171 aims to amend the Montana Code Annotated by providing for a biennial transfer of excess funds into the Montana coal severance tax permanent fund. The bill outlines a systematic approach for the state treasurer to manage excess general fund revenue, ensuring that a portion of unexpended funds is allocated to support the state's coal fund. This initiative not only streamlines budget management but also enhances financial stability by bolstering the coal tax fund, which can be critical for future investment and resource management in Montana.

Sentiment

The sentiment surrounding SB171 appears to be generally favorable, particularly among those invested in Montana's coal industry and its economic future. Proponents argue that enhancing the coal fund is a prudent financial strategy that will provide long-term economic stability. However, there may be concerns regarding the sustainability of relying on coal revenue amidst shifting energy policies and market conditions, which could lead to some opposition from more environmentally conscious groups or those advocating for diversification of the state's revenue sources.

Contention

Some points of contention may arise from the implications of consistently transferring excess funds to the coal severance tax fund. Critics might highlight potential risks associated with an over-reliance on fossil fuel revenue, especially in light of the global shift toward renewable energy sources. Moreover, while proponents see the bill as a practical measure to safeguard Montana’s fiscal future, opponents may argue that it diverts necessary funds from other critical state services, particularly in education or infrastructure, thus sparking further debate over budgetary priorities.

Companion Bills

No companion bills found.

Previously Filed As

MT SB166

Transfer From General Fund To Other Funds

MT HB2298

Transferring $1,000,000,000 from the budget stabilization fund to the liability reduction fund of KPERS, using a portion of the interest earnings of the liability reduction fund to provide a 2% COLA for retirants who have been retired for more than 5 years, transferring annually certain amounts from the state general fund to the budget stabilization fund and establishing requirements for the expenditure or transfer of moneys from the budget stabilization fund.

MT HB3792

BALANCED BUDGET

MT SB1625

Prohibits the transfer of any balance at the end of a biennium in certain state funds to the state general revenue fund

MT SB1524

Prohibits the transfer of any balance at the end of a biennium in certain state funds to the state general revenue fund

MT SB2190

Working Cash-Stabilization Reserve Fund; increase minimum balance of.

MT HB1251

Create the community-based providers methodology supplement fund, create the target teacher salary supplement fund, and provide for the transfer of certain unobligated cash balances to the fund.

MT HB1401

Transfers from Unclaimed Property Trust Fund

MT HB334

Charter schools; require total funding formula funds to be transferred to student's home district when student disenrolls.

MT HB429

In special funds, further providing for disposition of Budget Stabilization Reserve Fund; and making interfund transfers.

Similar Bills

IL HB1885

FINANCE-LINE ITEM TRANSFERS

NM HB1

General Appropriations

NM SB1

General Appropriations

CO HB1406

Repeal Capital Construction Funding Requirements

HI HB1296

Relating To The Major Disaster Fund.

MI HB5362

Appropriations: supplemental; certain funding designated to the University of Michigan; modify. Creates appropriation act.

NV SB427

Makes appropriations to certain institutions of the Nevada System of Higher Education for capital improvement projects. (BDR S-560)

CT HB08003

An Act Concerning Temporary Adjustments To The Budget Reserve Fund And Appropriating Funds To Address Reductions In Federal Funding.