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MT

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HB 878

Authorize additional funding for coal trust loan program for housing

2025 Regular Session Introduced by Mark Thane

HB 878 sought to increase Montana's coal trust loan program funding for housing but died in the legislative process due to missed appropriations deadlines.

(H) Died in Process
#housing #appropriations #taxation--coal
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Bill Summary · HB 878

Legislative bill overview

HB 878 would have provided additional funding to Montana's coal trust loan program, which uses revenue from coal tax trusts to offer housing loans. The bill aimed to expand loan availability or capacity through increased trust allocations to address Montana housing needs.

Why is this important

Housing affordability is a critical issue in Montana, and coal trust funds represent a dedicated revenue source that some policymakers view as appropriate for housing assistance. However, the bill's passage would have determined how coal severance tax revenues—derived from a declining industry—are allocated between housing and other state priorities like education and infrastructure.

Potential points of contention

  • Coal industry dependency: The bill relies on coal tax revenue at a time when coal production is declining nationally, raising questions about long-term funding sustainability
  • Budget priorities: Additional coal trust spending on housing means less revenue available for schools, roads, and other programs historically funded through these trusts
  • Targeted beneficiary analysis: Unclear whether a coal-trust-funded program effectively reaches Montanans with the greatest housing need or creates geographic disparities favoring certain communities

Compiled from official sources — confirm details with the bill’s official record.

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