Montana legislation · 2025 Regular Session
Montana SB104: Expanding access to low-cost capital to certain eligible projects and entities
Status: Signed into law, April 17, 2025
What the bill says
An act expanding access to low-cost capital for 501(c)(3) entities and other publicbenefit facilities; increasing the bond issuance cap for the montana facility finance authority to $1.5 billion; providing for a biennial inflationary adjustment to the bond issuance cap; amending sections 90-5-101, 90-7-102, 90-7-104, 90-7-225, 90-7-229, and 907-302, mca; and providing an immediate effective date.
From the engrossed text:
AN ACT EXPANDING ACCESS TO LOW-COST CAPITAL FOR 501(C)(3) ENTITIES AND OTHER PUBLICBENEFIT FACILITIES; INCREASING THE BOND ISSUANCE CAP FOR THE MONTANA FACILITY FINANCE AUTHORITY TO $1.5 BILLION; PROVIDING FOR A BIENNIAL INFLATIONARY ADJUSTMENT TO THE BOND ISSUANCE CAP; AMENDING SECTIONS 90-5-101, 90-7-102, 90-7-104, 90-7-225, 90-7-229, AND 907-302, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE. Section 1. Section 90-5-101, MCA, is amended to read: "90-5-101. Definitions. As used in this part, unless the context otherwise requires, the following definitions apply: (1) "Agricultural enterprises" includes but is not limited to producing, warehousing, storing, fattening, treating, handling, distributing, or selling farm products or livestock. (2) "Bonds" means bonds, refunding bonds, notes, or other obligations issued by a municipality or county under the authority of this part, including without limitation short-term bonds or notes issued in anticipation of the issuance of long-term bonds or notes. (3) "Electric energy generation facility" means any combination of a physically connected generator or generators, associated prime movers, and other associated property and transmission facilities and upgrades and improvements of transmission facilities, including appurtenant land and improvements and personal property, that are normally operated together to produce and transfer electric power. The term includes but is not limited to generating facilities that produce and transfer electricity from coal-fired steam turbines, oil or gas turbines, wind turbines, solar power …
Sponsors
- Lammers, Gayle (R, 21) · primary sponsor
- Schomer, Curtis (R, 48)
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) Committee Report
Votes
- Do Concur (March 31, 2025): 86 yea, 13 nay, passed
- Do Concur (March 25, 2025): 87 yea, 12 nay, passed
- Do Pass (February 28, 2025): 38 yea, 11 nay, passed
- Do Pass (February 25, 2025): 36 yea, 13 nay, passed
Subjects: Property, Bond Issues, Public, State Finance, State Government
Common questions
- What is SB104?
- SB104 is a bill in the Montana Legislature (2025 Regular Session): Expanding access to low-cost capital to certain eligible projects and entities.
- What does SB104 do?
- In its own words: An act expanding access to low-cost capital for 501(c)(3) entities and other publicbenefit facilities; increasing the bond issuance cap for the montana facility finance authority to $1.5 billion; providing for a biennial inflationary adjustment to the bond issuance cap; amending sections 90-5-101, 90-7-102, 90-7-104, 90-7-225, 90-7-229, and 907-302, mca; and providing an immediate effective date.
- What is the status of SB104?
- Signed into law as of April 17, 2025. Latest action: Chapter Number Assigned (April 17, 2025).
- Who sponsored SB104?
- Lammers, Gayle (R, 21), with 1 co-sponsor.
- Where is the official record for SB104?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0459
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.