# Montana SB 104: Expanding access to low-cost capital to certain eligible projects and entities Montana SB 104, Expanding access to low-cost capital to certain eligible projects and entities, is a 69th Legislature, Regular Session (2025) Senate bill sponsored by Gayle Lammers (Republican); status signed, last action 2025-04-17 (Chapter Number Assigned) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/MT-SB104-2025 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Montana SB 104 - State: Montana - Session: 69th Legislature, Regular Session (2025) - Title: Expanding access to low-cost capital to certain eligible projects and entities - Status: signed - Chamber: Senate - Introduced: 2025-01-07 - Last action: 2025-04-17, Chapter Number Assigned - Sponsor: Gayle Lammers (Republican) - Cosponsors: 2 - Subjects: State Finance, State Government, Property, Bond Issues, Public - Touches household money: no - Roll calls: 4 (249 yes, 49 no in all) - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - Bigger bond cap for project financing: benefit, high. 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: benefit, medium. 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. Pr… - Local notice before project financing: benefit, low. 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 an… ## Sponsors and cosponsors - Sponsor: Gayle Lammers (Republican), Senate - Cosponsor: Curtis Schomer (Republican), House - Cosponsor: Josh Kassmier (Republican), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-03-31 | House | Do Concur | pass | 86 | 13 | | | 2025-03-25 | House | Do Concur | pass | 88 | 12 | | | 2025-02-28 | Senate | Do Pass | pass | 38 | 11 | | | 2025-02-25 | Senate | Do Pass | pass | 37 | 13 | | ## Actions (34) - 2025-04-17: Chapter Number Assigned (Senate) - 2025-04-16: Signed by Governor (Senate) - 2025-04-08: Transmitted to Governor (Senate) - 2025-04-08: Signed by Speaker (House) - 2025-04-07: Signed by President (Senate) - 2025-04-01: Returned from Enrolling (Senate) - 2025-03-31: Sent to Enrolling (Senate) - 2025-03-31: 3rd Reading (House) - 2025-03-29: Committee Report (House) - 2025-03-27: Committee Executive Action (House) - 2025-03-25: Hearing (House) - 2025-03-25: Rereferred to Committee (House) - 2025-03-25: 2nd Reading (House) - 2025-03-20: Committee Report (House) - 2025-03-19: Committee Executive Action (House) - 2025-03-06: Hearing (House) - 2025-03-01: 1st Reading (House) - 2025-03-01: Referred to Committee (House) - 2025-02-28: Transmitted to House (Senate) - 2025-02-28: 3rd Reading (Senate) - 2025-02-27: Committee Report (Senate) - 2025-02-26: Hearing (Senate) - 2025-02-25: Rereferred to Committee (Senate) - 2025-02-25: 2nd Reading (Senate) - 2025-02-24: Committee Report (Senate) - 2025-02-24: Committee Executive Action (Senate) - 2025-02-12: Hearing (Senate) - 2025-02-05: Referred to Committee (Senate) - 2025-01-21: Fiscal Note Printed (Senate) - 2025-01-21: Fiscal Note Signed (Senate) - 2025-01-20: Fiscal Note Received (Senate) - 2025-01-14: Fiscal Note Requested (Senate) - 2025-01-08: 1st Reading (Senate) - 2025-01-07: Introduced (Senate) ## Bill text - Enrolled, 2025-04-15: [PDF](https://docs.legmt.gov/download-ticket?ticketId=45c9943f-6cc0-4f36-9dc0-0bd906483c19) - Introduced, 2025-01-07: [PDF](https://docs.legmt.gov/download-ticket?ticketId=aff748f3-79b1-43fc-9d79-c7bb8c8f7a47) ## Related bills - SB 437: Revise definition of sex in Montana law (signed) - HB 831: Increase elderly homeowner and renter income tax credit (vetoed) - HB 628: Revise early literacy targeted intervention laws (vetoed) - SB 410: Provide for Montana genomic security act (vetoed) - SB 424: Revising the disabled veteran property tax assistance program (vetoed) - SB 422: Generally revise laws relating to insurance coverage relating to cancer (vetoed) ## Sources - [Enrolled (PDF)](https://docs.legmt.gov/download-ticket?ticketId=45c9943f-6cc0-4f36-9dc0-0bd906483c19) - [Introduced (PDF)](https://docs.legmt.gov/download-ticket?ticketId=aff748f3-79b1-43fc-9d79-c7bb8c8f7a47) ## Related - [SB 437: Revise definition of sex in Montana law](https://policyrisk.com/state-bill/MT-SB437-2025) - [HB 831: Increase elderly homeowner and renter income tax credit](https://policyrisk.com/state-bill/MT-HB831-2025) - [HB 628: Revise early literacy targeted intervention laws](https://policyrisk.com/state-bill/MT-HB628-2025) - [SB 410: Provide for Montana genomic security act](https://policyrisk.com/state-bill/MT-SB410-2025) - [SB 424: Revising the disabled veteran property tax assistance program](https://policyrisk.com/state-bill/MT-SB424-2025) - [SB 422: Generally revise laws relating to insurance coverage relating to cancer](https://policyrisk.com/state-bill/MT-SB422-2025) - [Montana bills](https://policyrisk.com/states/montana/bills) - [Montana state hub](https://policyrisk.com/states/montana) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/MT-SB104-2025 (as of 2026-10-19).