The bill amends several sections of the Montana Code Annotated (MCA) to allow for the financing of public safety and resiliency improvement projects through commercial property-assessed capital enhancements programs. Key definitions are updated to include "public safety and resiliency improvement," which encompasses modifications to commercial real property aimed at enhancing structural integrity, indoor air quality, and durability against natural disasters, among other factors. The bill also expands the scope of projects eligible for financing to include both energy conservation projects and public safety improvements, allowing local governments to enter into contracts with property owners for financing these initiatives.

Additionally, the bill outlines the requirements for establishing a commercial property-assessed capital enhancements program, including the need for a program plan that details project types, financing options, and contractor standards. It specifies that assessments for financing must not exceed the useful life of the projects and establishes the rights of local governments regarding delinquent payments. 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
SB0458_1(1): 90-4-1302, 90-4-1304, 90-4-1305, 90-4-1306, 90-4-1307
SB0458_1(2): 90-4-1302, 90-4-1304, 90-4-1305, 90-4-1306, 90-4-1307
SB0458_1(3): 90-4-1302, 90-4-1304, 90-4-1305, 90-4-1306, 90-4-1307
SB0458_1(4): 90-4-1302, 90-4-1304, 90-4-1305, 90-4-1306, 90-4-1307
SB0458_1(5): 90-4-1302, 90-4-1304, 90-4-1305, 90-4-1306, 90-4-1307
SB0458_1: 90-4-1302, 90-4-1304, 90-4-1305, 90-4-1306, 90-4-1307
SB0458_X: 90-4-1302, 90-4-1304, 90-4-1305, 90-4-1306, 90-4-1307