MT SB104

Increases the Montana Facility Finance Authority's biennial bond issuance cap from $500 million to $1.5 billion, with automatic 3% increases each biennium starting July 1, 2027

Expands eligible facilities and institutions to include any entity organized under section 501(c)(3) of the Internal Revenue Code, allowing nonprofits broader access to low-cost bond financing

Adds facilities owned, used, or supported by 501(c)(3) organizations to the list of eligible projects that can receive financing through the Authority

Maintains existing eligible facility categories including hospitals, health care facilities, prerelease centers, higher education facilities, and projects with qualified small issue bond financing

Takes effect immediately upon passage and approval