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Senate committee advances MFFA bond expansion bill aimed at spurring infrastructure projects

Montana Senate Committee on Finance and Claims
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Summary

Senate Bill 104 would raise the cap for Montana Facility Finance Authority bond issuances to increase access to conduit bonding for nonprofit and private projects; MFFA and sponsor said the change would be self‑sustaining and add modest general-fund revenue from state fees on issuances.

Senate Bill 104, sponsored by Senator Veil Lamers, would raise the bond-issuance cap for the Montana Facility Finance Authority (MFFA) and is projected to increase MFFA application fee revenue by roughly $927,500 over the next two biennia and add modest general-fund…

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