Montana legislation · 2025 Regular Session
Montana HB515: Generally revise laws relating to school facilities consolidating two existing state special revenue accounts
Status: Signed into law, May 19, 2025
What the bill says
An act generally revising laws related to funding for school facilities and technology; consolidating two existing state special revenue accounts and their various revenue sources and prioritizing the funding of programs; increasing the school major maintenance amount and the multiplier in the school major maintenance aid formula to make more money available to school districts for major maintenance projects without impacting property taxpayers; revising statutes related to the state school technology payment…
From the engrossed text:
AN ACT GENERALLY REVISING LAWS RELATED TO FUNDING FOR SCHOOL FACILITIES AND TECHNOLOGY; CONSOLIDATING TWO EXISTING STATE SPECIAL REVENUE ACCOUNTS AND THEIR VARIOUS REVENUE SOURCES AND PRIORITIZING THE FUNDING OF PROGRAMS; INCREASING THE SCHOOL MAJOR MAINTENANCE AMOUNT AND THE MULTIPLIER IN THE SCHOOL MAJOR MAINTENANCE AID FORMULA TO MAKE MORE MONEY AVAILABLE TO SCHOOL DISTRICTS FOR MAJOR MAINTENANCE PROJECTS WITHOUT IMPACTING PROPERTY TAXPAYERS; REVISING STATUTES RELATED TO THE STATE SCHOOL TECHNOLOGY PAYMENT; REMOVING OUTDATED LANGUAGE RELATED TO THE NATURAL RESOURCE DEVELOPMENT PAYMENT AND PROVIDING THAT THE PAYMENT CAN SUPPORT SCHOOL MAJOR MAINTENANCE AID AND DEBT SERVICE ASSISTANCE; REVISING AN EXISTING STATUTORY APPROPRIATION; PROVIDING FOR TRANSFERS; AMENDING SECTIONS 17-5-703, 17-7-502, 20-6-702, 20-9-380, 20-9-502, 20-9-516, 20-9-525, 20-9-533, 209-622, AND 20-9-635, MCA; REPEALING SECTION 20-9-534, MCA; AND PROVIDING EFFECTIVE DATES. Section 1. Section 17-5-703, MCA, is amended to read: "17-5-703. (Temporary) Coal severance tax trust funds. (1) The trust established under Article IX, section 5, of the Montana constitution is composed of the following funds: (a) a coal severance tax bond fund into which the constitutionally dedicated receipts from the coal severance tax must be deposited; (b) a Montana coal endowment fund; (c) a Montana coal endowment regional water system fund; (d) a coal severance tax permanent fund; (e) a coal severance tax income fund; - 1 - Authorized Print Version - HB …