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Committee hears House Bill 8 to reauthorize and issue loans for regional water projects, including St. Mary’s/Milk River
Summary
House Bill 8 would authorize loans for renewable resource water projects, reauthorize previously approved loans and request coal severance tax bond authority; DNRC and stakeholders told senators projects are proceeding but contractor shortages have delayed work on some large items such as the Saint Mary’s/Milk River project.
Representative John Fitzpatrick, House District 76, presented House Bill 8 to the Senate Finance and Claims Committee as the Renewable Resource Loan Program administered by the Department of Natural Resources and Conservation (DNRC). Fitzpatrick said House Bill 8 would appropriate funds and reauthorize loans funded by coal severance tax bonds, and described loan terms and repayment by water users.
Autumn Coleman, deputy administrator at DNRC, explained that public loans in the program are backed by coal severance tax bonds and are available to public entities that demonstrate benefit to…
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