Montana HB373 revises lottery proceeds laws to dedicate funds to education, including STEM scholarships and school flexibility funds.

Montana HB373 revises the allocation of excess lottery revenue to schools, providing for quarterly distributions based on a per-quality-educator formula. The bill mandates that the first $2.25 million of net revenue in each fiscal year be transferred to the Montana STEM scholarship program. Revenue exceeding $2.25 million must be transferred to the state general fund for distribution to schools. The bill also revises eligible uses of a school's flexibility fund, including technological equipment, facility expansion, and teacher recruitment. The changes are effective July 1, 2025.

Montana HB373 revises lottery proceeds laws to dedicate funds to education, including STEM scholarships and school flexibility funds.

Montana HB373 revises the allocation of excess lottery revenue to schools, providing for quarterly distributions based on a per-quality-educator formula. The bill mandates that the first $2.25 million of net revenue in each fiscal year be transferred to the Montana STEM scholarship program. Revenue exceeding $2.25 million must be transferred to the state general fund for distribution to schools. The bill also revises eligible uses of a school's flexibility fund, including technological equipment, facility expansion, and teacher recruitment. The changes are effective July 1, 2025.