The bill aims to enhance public safety and resiliency by allowing financing for improvement projects through commercial property-assessed capital enhancements programs. It amends several sections of the Montana Code Annotated (MCA) to include definitions and provisions related to "public safety and resiliency improvement projects." Key insertions include the definition of such projects as modifications to eligible commercial real property designed to improve structural integrity, indoor air quality, and durability against natural disasters, among other factors. The bill also expands the scope of financing to include both energy conservation projects and public safety improvements, allowing local governments to enter contracts with property owners for these enhancements.

Additionally, the bill outlines the requirements for establishing a commercial property-assessed capital enhancements program, including the need for public hearings and resolutions by local governing bodies. It specifies that assessments for financing these projects can be imposed on real property and must not exceed the useful life of the improvements. The bill also includes provisions for ensuring that property owners are not delinquent on taxes or assessments before entering into contracts. The effective date for the implementation of this act is set for October 1, 2025.

Statutes affected:
LC Text: 90-4-1302, 90-4-1304, 90-4-1305, 90-4-1306, 90-4-1307