Montana SB205 revises laws related to voter approval for property tax levies and bonds.

Montana SB205 revises the threshold for approval of bond elections and mill levy elections. It changes the percentage of electors required to authorize bond issues and mill levies. For bond elections, a majority of votes cast is required for approval. For mill levies, a majority of votes cast is also required for approval, with specific percentages needed based on the percentage of votes cast. The bill also modifies the conditions for issuing bonds and levies, including the need for voter approval and the calculation of percentages for approval.

Montana SB205 revises laws related to voter approval for property tax levies and bonds.

Montana SB205 revises the threshold for approval of bond elections and mill levy elections. It changes the percentage of electors required to authorize bond issues and mill levies. For bond elections, a majority of votes cast is required for approval. For mill levies, a majority of votes cast is also required for approval, with specific percentages needed based on the percentage of votes cast. The bill also modifies the conditions for issuing bonds and levies, including the need for voter approval and the calculation of percentages for approval.