House Bill 150 seeks to revise Montana's alcohol and gambling laws, particularly focusing on ownership considerations and the role of regulated lenders. The bill introduces provisions that allow regulated lenders to secure loans with alcoholic beverage licenses and clarifies the conditions under which a security interest in such licenses can be established. It removes outdated language regarding department investigations into ownership interests and amends the Montana Code Annotated to reflect these changes. Notably, the bill allows coborrowers and guarantors to make payments on a licensee's institutional loan without creating undisclosed ownership interests, provided that specific notification and documentation requirements are met.

Additionally, the bill modifies the qualifications for obtaining a gambling license by eliminating certain criteria that could lead to denial based on an applicant's past financial activities or criminal record. It emphasizes that licenses will be issued unless there is a demonstrated threat to public interest or effective regulation. The bill also streamlines the process for transferring ownership interests in licensed gambling operations, allowing for more flexible financing options and ownership arrangements. Overall, House Bill 150 aims to enhance the regulatory framework surrounding alcohol and gambling licenses while promoting greater flexibility in ownership and financing.

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(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