Montana

SB 24 – Modify commercial leasing rental provisions for state lands

Sponsored by: Sen. Jeffrey Welborn
A bill to make it easier to lease state lands in Montana.

Short Summary

This bill would make it easier to lease state lands by allowing the monetary value of the land to be “estimate[d]” “by analyzing comparable land valuations conducted within 2 years of the lease commencement date.” It would also allow strike the current part of Montana law that requires the “option to lease” not to exceed “a term of 2 years.” [Montana State Legislature, accessed 11/21/18]

General Description

An act clarifying the valuation process for commercial leasing of state land; extending lease periods; defining terms; and amending sections 77-1-902 and 77-1-905, MCA. [Montana State Legislature, accessed 11/21/18]

Bill Sponsor(s)

Sen. Jeffrey Welborn

Detailed Bill Summary 

This bill would make it easier to lease state lands by allowing the monetary value of the land to be “estimate[d]” “by analyzing comparable land valuations conducted within 2 years of the lease commencement date.” It would also allow strike the current part of Montana law that requires the “option to lease” not to exceed “a term of 2 years.” [Montana State Legislature, accessed 11/21/18]

Current Status

This bill was signed by the governor. [Montana State Legislature, accessed 11/21/18]

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