Senator Tom Richmond

SB 235 would allow the Montana Land Board to extend the date for coal leases beyond their traditional 10-year term if the Board finds that it would be in the “best interest of the state.” The bill could result in a lease renewal for the Otter Creek coal tracts if Arch Coal fails to develop the mine at the end of its current 10-year lease. This also allows the State to forego revenue from a new lease.