SENATE BILL NO. 471
INTRODUCED BY K. TOOLE
A BILL FOR AN ACT ENTITLED: "AN ACT RESTRICTING THE USE OF PUBLIC FUNDS, TAX CREDITS, AND TAX DEDUCTIONS FOR A COAL OR NATURAL GAS FACILITY UNLESS THE NET GENERATING LOAD OF THAT FACILITY IS DEDICATED TO IN-STATE USE FOR CUSTOMERS WITH AN INDIVIDUAL LOAD REQUIREMENT OF LESS THAN 1,000 KILOWATTS; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE."
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
NEW SECTION. Section 1. Restriction of public funds, tax credits, and tax deductions for coal and natural gas facilities. (1) The legislature may not:
(a) appropriate money that is used to finance or build a coal or natural gas electric generation facility unless the net generating load of that facility is dedicated to in-state use at cost-based prices for customers with an individual load requirement of less than 1,000 kilowatts; or
(b) provide for tax credits or tax deductions for a coal or natural gas electric generation facility unless the net generating load of that facility is dedicated to in-state use at cost-based prices for customers with an individual load requirement of less than 1,000 kilowatts.
(2) An agency of state government may not:
(a) expend any appropriated money that is used to finance or build a coal or natural gas electric generation facility unless the net generating load of that facility is dedicated to in-state use at cost-based prices for customers with an individual load requirement of less than 1,000 kilowatts;
(b) loan money to build a coal or natural gas electric generation facility unless the net generating load of that facility is dedicated to in-state use at cost-based prices for customers with an individual load requirement of less than 1,000 kilowatts;
(c) finance a coal or natural gas electric generation facility unless the net generating load of that facility is dedicated to in-state use at cost-based prices for customers with an individual load requirement of less than 1,000 kilowatts; or
(d) sell bonds to finance a coal or natural gas electric generation facility unless the net generating load of that facility is dedicated to in-state use at cost-based prices for customers with an individual load requirement of less than 1,000 kilowatts.
NEW SECTION. Section 2. Codification instruction. [Section 1] is intended to be codified as an integral part of Title 17, chapter 8, part 1, and the provisions of Title 17, chapter 8, part 1, apply to [section 1].
NEW SECTION. Section 3. Effective date. [This act] is effective on passage and approval.
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Latest Version of SB 471 (SB0471.01)
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