MT HB515

Consolidates the school major maintenance aid account and school facility and technology account into a single "school facility and technology account" to streamline administration of school facilities funding

Increases the school major maintenance amount formula from $15,000 base plus $110 per ANB to $40,000 base plus $115 per ANB, providing more funding for district maintenance projects

Raises the state school major maintenance aid formula multiplier from 187% to 355%, increasing state matching funds for districts that levy for major maintenance

Requires a general fund transfer by August 15, 2025 to bring the school facilities fund balance to $275 million

Expands the natural resource development K-12 school facilities payment to support both school major maintenance aid and debt service assistance for school bonds