House Bill 150 seeks to modernize Montana's alcohol and gambling laws by revising ownership considerations and the role of regulated lenders in these sectors. The bill introduces new provisions that allow regulated lenders to secure interests in alcoholic beverage licenses and gambling operations without creating undisclosed ownership interests for co-borrowers or guarantors. It also clarifies the process for transferring ownership interests in licensed gambling operations, allowing owners to transfer interests without prior department approval, provided they comply with specific reporting requirements. Additionally, the bill updates definitions related to alcoholic beverage licenses and gambling operations, removing outdated language and clarifying terms such as "default."

Furthermore, the bill amends the qualifications for obtaining a gambling license by eliminating certain restrictions based on financial history or criminal records, allowing the department to issue licenses based on available information while retaining the authority to deny licenses in cases of falsification. This streamlining of the licensing process, along with the new provisions for lenders and ownership transfers, aims to enhance regulatory efficiency and provide clearer guidelines for financial arrangements in the alcohol and gambling industries.

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