PRIA Logo™
MontanaSB 10469th Legislature, Regular Session (2025)Senate

Expanding access to low-cost capital to certain eligible projects and entities

Sponsored By: Gayle Lammers (Republican)

Signed by Governor

State FinanceState GovernmentPropertyBond Issues, Public

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Bigger bond cap for project financing

The state finance authority can issue up to $1.5 billion in bonds each two-year period. Bonds issued to refund older bonds do not count toward the cap. Beginning July 1, 2027, the cap rises by 3% every biennium. This expands available low-cost capital for eligible projects.

Low-cost financing for nonprofits

The law lets 501(c)(3) nonprofits qualify as institutions and have their facilities treated as eligible projects. Facilities must be in the United States. Routine operating costs like food and fuel do not qualify. Buildings used mainly for religious worship or sectarian instruction are excluded. Projects can bundle several allowed project types into one financing.

Local notice before project financing

Before some projects get financed, the state finance authority must find the deal is in the public interest and hold a public hearing. The city or county gets notice and has 14 or 30 days, depending on the section, to choose to run the hearing. If it does not, the authority sets the hearing time and place. Notice must be posted at least 7 days ahead on a government website and in a local newspaper. The notice must include the time and place, a short project description and location, the borrower’s name, and the maximum principal amount.

Sponsors & Cosponsors

Sponsor

  • Gayle Lammers

    Republican • Senate

Cosponsors

  • Curtis Schomer

    Republican • House

  • Josh Kassmier

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 249 • No: 49

House vote • 3/31/2025

Do Concur

Yes: 86 • No: 13

House vote • 3/25/2025

Do Concur

Yes: 88 • No: 12

Senate vote • 2/28/2025

Do Pass

Yes: 38 • No: 11

Senate vote • 2/25/2025

Do Pass

Yes: 37 • No: 13

Actions Timeline

  1. Chapter Number Assigned

    4/17/2025Senate

  2. Signed by Governor

    4/16/2025Senate

  3. Transmitted to Governor

    4/8/2025Senate

  4. Signed by Speaker

    4/8/2025House

  5. Signed by President

    4/7/2025Senate

  6. Returned from Enrolling

    4/1/2025Senate

  7. Sent to Enrolling

    3/31/2025Senate

  8. 3rd Reading

    3/31/2025House

  9. Committee Report

    3/29/2025House

  10. Committee Executive Action

    3/27/2025House

  11. Hearing

    3/25/2025House

  12. Rereferred to Committee

    3/25/2025House

  13. 2nd Reading

    3/25/2025House

  14. Committee Report

    3/20/2025House

  15. Committee Executive Action

    3/19/2025House

  16. Hearing

    3/6/2025House

  17. 1st Reading

    3/1/2025House

  18. Referred to Committee

    3/1/2025House

  19. Transmitted to House

    2/28/2025Senate

  20. 3rd Reading

    2/28/2025Senate

  21. Committee Report

    2/27/2025Senate

  22. Hearing

    2/26/2025Senate

  23. Rereferred to Committee

    2/25/2025Senate

  24. 2nd Reading

    2/25/2025Senate

  25. Committee Report

    2/24/2025Senate

Bill Text

  • Enrolled

    4/15/2025

    PDF

  • Introduced

    1/7/2025

    PDF

Related Bills

Back to State Legislation