All Roll Calls
Yes: 247 • No: 49
MontanaSB 10469th Legislature, Regular Session (2025)SenateWALLET
Expanding access to low-cost capital to certain eligible projects and entities
Sponsored By: Gayle Lammers (Republican)
Became Law
State FinanceState GovernmentPropertyBond Issues, Public
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Bigger bond cap for public-benefit projects
The state raises the facility finance authority’s two-year bond cap to $1.5 billion. Bonds issued only to refinance old debt do not count toward the cap. Beginning July 1, 2027, the cap increases automatically by 3% every two years. This expands how much low-cost financing the authority can support statewide.
More nonprofits and projects can get financing
The law lets more projects and nonprofits use state-backed financing. Eligible uses now include renewable energy production and electric power generation, many health and education facilities, and buildings owned or supported by 501(c)(3) nonprofits. Facilities financed with qualified small-issue bonds under federal law also qualify. Routine operating costs like food, fuel, and supplies do not qualify. Buildings used mainly for religious instruction or worship are excluded.
Public hearings before some bond deals
Before certain small-issue bond financings are approved, the authority finds they are in the public interest and holds a public hearing. The city or county gets notice with project details. For one set of projects, it has 30 days to choose to run the hearing; for another set, 14 days. If no election is made, the authority may hold the hearing. Notice must be posted at least 7 days before the hearing on a government website and in a local newspaper. If a local government holds the hearing, it must report its decision to the authority within 14 days after the hearing.
Sponsors & Cosponsors
Sponsor
Gayle Lammers
Republican • Senate
Cosponsors
Curtis Schomer
Republican • House
Josh Kassmier
Republican • Senate
Roll Call Votes
Senate vote • 3/31/2025
Do Concur
Yes: 86 • No: 13
Senate vote • 3/25/2025
Do Concur
Yes: 87 • No: 12
Senate vote • 2/28/2025
Do Pass
Yes: 38 • No: 11
Senate vote • 2/25/2025
Do Pass
Yes: 36 • No: 13
Actions Timeline
Chapter Number Assigned
4/17/2025SenateSigned by Governor
4/16/2025SenateTransmitted to Governor
4/8/2025SenateSigned by Speaker
4/8/2025HouseSigned by President
4/7/2025SenateReturned from Enrolling
4/1/2025SenateSent to Enrolling
3/31/2025Senate3rd Reading Concurred
3/31/2025HouseCommittee Report--Bill Concurred
3/29/2025HouseCommittee Executive Action--Bill Concurred
3/27/2025HouseHearing
3/25/2025HouseRereferred to Committee
3/25/2025House2nd Reading Concurred
3/25/2025HouseCommittee Report--Bill Concurred
3/20/2025HouseCommittee Executive Action--Bill Concurred
3/19/2025HouseHearing
3/6/2025HouseFirst Reading
3/1/2025HouseReferred to Committee
3/1/2025HouseTransmitted to House
2/28/2025Senate3rd Reading Passed
2/28/2025SenateCommittee Report--Bill Passed
2/27/2025SenateHearing
2/26/2025SenateRereferred to Committee
2/25/2025Senate2nd Reading Passed
2/25/2025SenateCommittee Report--Bill Passed
2/24/2025Senate
Bill Text
Enrolled
4/15/2025
Introduced
1/7/2025