House Bill 150 seeks to update Montana's alcohol and gambling laws, particularly regarding ownership and the involvement of regulated lenders. The bill introduces new provisions that allow regulated lenders to secure loans with alcoholic beverage licenses and outlines the responsibilities of licensees and lenders in the event of a default. It also removes outdated language related to department investigations of ownership interests and clarifies definitions for terms such as "alcoholic beverage license" and "default." Furthermore, the bill mandates that the department notify interested parties about potential license revocations or nonrenewals, promoting transparency in the management of these licenses.

In addition to addressing alcohol licensing, the bill revises the qualifications for obtaining a gambling license by eliminating certain restrictions based on financial history or criminal records. It allows for ownership transfers in licensed gambling operations without prior department approval, provided that specific reporting requirements are met. The legislation also clarifies that the transfer of security interests in licensed gambling operations is exempt from notification requirements, as is the transfer of less than 5% interest in publicly traded corporations. Overall, these changes aim to streamline the licensing process and enhance regulatory efficiency in both the alcohol and gambling sectors.

Statutes affected:
LC Text: 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(1): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(2): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(3): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(4): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(5): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(6): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1(7): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_1: 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(1): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(10): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(11): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(12): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(13): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(14): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(15): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(16): 16-4-801, 23-5-118
HB0150_2(17): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2(2): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(3): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(4): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(5): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(6): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(7): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(8): 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_2(9): 16-1-106, 16-4-801, 23-5-112, 23-5-176
HB0150_2: 16-1-106, 16-4-801, 23-5-112, 23-5-118, 23-5-176
HB0150_X(1): 16-4-801, 23-5-118
HB0150_X(10): 16-4-801, 23-5-118
HB0150_X(11): 16-4-801, 23-5-118
HB0150_X(12): 16-4-801, 23-5-118
HB0150_X(13): 16-4-801, 23-5-118
HB0150_X(14): 16-4-801, 23-5-118
HB0150_X(15): 16-4-801, 23-5-118
HB0150_X(16): 16-4-801, 23-5-118
HB0150_X(17): 16-4-801, 23-5-118
HB0150_X(18): 16-4-801, 23-5-118
HB0150_X(19): 16-4-801, 23-5-118
HB0150_X(2): 16-4-801, 23-5-118
HB0150_X(20): 16-4-801, 23-5-118
HB0150_X(21): 16-4-801, 23-5-118
HB0150_X(22): 16-4-801, 23-5-118
HB0150_X(23): 16-4-801, 23-5-118
HB0150_X(24): 16-4-801, 23-5-118
HB0150_X(3): 16-4-801, 23-5-118
HB0150_X(4): 16-4-801, 23-5-118
HB0150_X(5): 16-4-801, 23-5-118
HB0150_X(6): 16-4-801, 23-5-118
HB0150_X(7): 16-4-801, 23-5-118
HB0150_X(8): 16-4-801, 23-5-118
HB0150_X(9): 16-4-801, 23-5-118
HB0150_X: 16-4-801, 23-5-118