House Bill 515, introduced in the Montana Legislature on April 29, 2025, aims to enhance funding for school major maintenance and technology acquisition across the state. The bill proposes significant changes to the existing framework for distributing aid to school districts, particularly focusing on the allocation of funds derived from the coal severance tax trust fund.

The primary purpose of House Bill 515 is to ensure that school districts receive adequate financial support for major maintenance projects and technology needs. Key provisions include a stipulation that the state superintendent of public instruction must provide a preliminary estimate of major maintenance aid by March 1 and a final amount by July 31 each year. This aims to improve financial planning for school districts, allowing them to better manage their maintenance and technology expenditures.

One notable aspect of the bill is its provision for proportional distribution of funds. If the total appropriated funds for school major maintenance aid fall short of the qualifying amounts for school districts, the superintendent is required to prorate the aid. This ensures that no district receives more than the available funds, promoting fairness in distribution.

Additionally, the bill outlines a mechanism for transferring excess funds from the school major maintenance aid account to the school facility and technology account, should there be a risk of proration reductions in debt service assistance. This provision is designed to maximize the use of available resources for educational infrastructure and technology.

The bill has sparked discussions among lawmakers and education advocates regarding its potential impact on school funding. Supporters argue that the increased funding levels—raising the school major maintenance amount from $15,000 to $40,000, along with an increase in the per-student funding formula—will significantly benefit districts, especially those in rural areas with limited resources. Critics, however, express concerns about the sustainability of funding sources and the implications of relying on coal severance tax revenues, which may fluctuate with market conditions.

The economic implications of House Bill 515 are noteworthy, as it seeks to address the pressing needs for school infrastructure improvements and technological advancements in education. By enhancing funding mechanisms, the bill aims to foster a more equitable educational environment across Montana.

As the legislative process unfolds, stakeholders will be closely monitoring the bill's progress and its potential to reshape the landscape of school funding in Montana. The next steps will involve further debates and possible amendments as lawmakers consider the broader implications of the proposed changes.