Expanding access to low-cost capital to certain eligible projects and entities

SB 104 expands access to low-cost capital for public-benefit facilities and 501(c)(3) nonprofit organizations in Montana. The bill increases the bond issuance cap for the Montana Facility Finance Authority to $1.5 billion and includes a biennial adjustment for inflation. It also amends definitions within existing law to specifically include 501(c)(3) entities as eligible for project financing through the Authority. This allows these organizations to secure funding for various projects, such as those related to family services, higher education, and other community benefits.