In 2025, the Montana Legislature passed Senate Bill 104, expanding the types of projects the Montana Facility Finance Authority can support through market-based financing — bringing its authority in line with what local governments can currently offer.
The MFFA brings decades of expertise, offering a reliable, knowledgeable path to capital markets. This helps Montana businesses access lower interest rates and the funding needed to grow and succeed.
Expanded Financing Opportunities Conduit bonds provide financing for capital projects such as major construction, renovations or equipment purchases of $1 million or more. These funds cannot be used for operational expenses. If it involves bricks, sticks or equipment, conduit bonds may be a fit.
With this new legislation, the MFFA expands access to a broader range of economic development projects for businesses, including:
501(c)(3) Nonprofits Private schools, alumni foundations, nonprofit housing and community support organizations, nonprofit broadband initiatives and more
Exempt Facility Bonds Projects related to solid waste management, biofuels, airport facilities, private water and sewer systems, hazardous waste facilities, hydroelectric plants, broadband infrastructure, carbon capture and other qualifying facilities
Taxable Industrial Development Bonds Commercial, manufacturing, agricultural and industrial developments, including land, buildings and related improvements or equipment, as outlined in Section 90-5-101(10)(a), MCA
By expanding access to conduit bonds, the MFFA is opening doors for more businesses and nonprofits to invest in long-term, transformative projects that benefit communities across Montana.
