Montana legislation · 2025 Regular Session
Montana SB29: Allow electronic submission of bonds for state construction projects
Status: Signed into law, April 17, 2025
What the bill says
An act allowing electronic bid bonds for state building or construction projects; and amending section 18-2-302, mca.
From the engrossed text:
AN ACT ALLOWING ELECTRONIC BID BONDS FOR STATE BUILDING OR CONSTRUCTION PROJECTS; AND AMENDING SECTION 18-2-302, MCA. Section 1. Section 18-2-302, MCA, is amended to read: "18-2-302. Bid security -- waiver -- authority to submit. (1) (a) Except as provided in subsection (2), each bid must be accompanied by bid security in the amount of 10% of the bid. The security may consist of cash, a cashier's check, a certified check, a bank money order, a certificate of deposit, a money market certificate, an irrevocable letter of credit, or a bank draft. The security must be: (i) drawn and issued by a federally chartered or state-chartered bank or savings and loan association that is insured by or for which insurance is administered by the federal deposit insurance corporation; (ii) drawn and issued by a credit union insured by the national credit union share insurance fund; or (iii) a bid bond or bonds executed by a surety company authorized to do business in the state of Montana. The state or other governmental entity may accept electronic bid bonds signed electronically or otherwise verified by the bidder and the surety. (b) The state or other governmental entity may not require that a bid bond or bond provided for in subsection (1)(a)(iii) be furnished by a particular surety company or by a particular …
Sponsors
- Esp, John (R, 29) · primary sponsor
- Edwards, Becky (D, 61)
Latest actions
- : Chapter Number Assigned
- : (S) Signed by Governor
- : (S) Transmitted to Governor
- : (H) Signed by Speaker
- : (S) Signed by President
- : (S) Returned from Enrolling
- : (S) Sent to Enrolling
- : (H) 3rd Reading
- : (H) Scheduled for 3rd Reading
- : (H) 2nd Reading
Votes
- Do Concur (March 26, 2025): 99 yea, 0 nay, passed
- Do Concur (March 25, 2025): 99 yea, 0 nay, passed
- Do Pass (February 6, 2025): 48 yea, 1 nay, passed
- Do Pass (February 5, 2025): 47 yea, 1 nay, passed
Subjects: Bond Issues, Public, Buildings and Building Regulations, State Government
Common questions
- What is SB29?
- SB29 is a bill in the Montana Legislature (2025 Regular Session): Allow electronic submission of bonds for state construction projects.
- What does SB29 do?
- In its own words: An act allowing electronic bid bonds for state building or construction projects; and amending section 18-2-302, mca.
- What is the status of SB29?
- Signed into law as of April 17, 2025. Latest action: Chapter Number Assigned (April 17, 2025).
- Who sponsored SB29?
- Esp, John (R, 29), with 1 co-sponsor.
- Where is the official record for SB29?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0269
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.