Bill > HB1014

This bill appropriates funds for the state industrial commission and agencies under its control for the biennium of July 1, 2015, to June 30, 2017, detailing specific amounts for salaries, operating expenses, and capital assets for entities like the Bank of North Dakota, the Mill and Elevator Association, and the Housing Finance Agency, while also authorizing transfers between various funds, including $5 million from the Bank of North Dakota's earnings to the housing incentive fund, and a contingent transfer of another $5 million to the same fund if the Bank's net income exceeds $130 million in 2015, with these funds specifically designated for housing in smaller cities. Additionally, the bill establishes a new section concerning the North Dakota Financial Center, requiring the Bank of North Dakota to lease space at market rates and make payments in lieu of taxes, and amends existing laws to adjust the effective dates for the housing incentive fund, clarify reporting requirements for the housing finance agency, and maintain the lignite research council's role in policy consultation, while also increasing the aggregate limit for housing incentive fund tax credits from $20 million to $30 million. Furthermore, the bill includes provisions for the Bank of North Dakota to utilize a "flex partnership in assisting community expansion program" for affordable multifamily housing in oil-affected areas and allocates funds for a lignite marketing feasibility study, with certain appropriations being contingent on factors like drilling rig counts or the Bank of North Dakota's net income, and also transfers $500,000 from the abandoned oil and gas well plugging and site reclamation fund to the oil and gas research fund for a pilot remediation program.