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Bill > SB2014

ND SB2014

ND SB2014
A transfer from the strategic investment and improvements fund to the clean sustainable energy fund; to provide a deficiency appropriation; to provide for a transfer; to provide an exemption; to provide for a legislative management study; to provide for a legislative management report; to provide for a report; to provide an effective date; and to declare an emergency.

summary

Introduced
01/07/2025
In Committee
04/23/2025
Crossed Over
02/25/2025
Passed
05/02/2025
Dead
Signed/Enacted/Adopted
05/17/2025

Introduced Session

Potential new amendment
69th Legislative Assembly

Bill Summary

AN ACT to provide an appropriation for defraying the expenses of the industrial commission and the agencies under its control; to create and enact a new section to chapter 6-09 and a new subdivision to subsection 2 of section 38-08-04.5 of the North Dakota Century Code, relating to a rail revolving loan fund and uses of the abandoned oil and gas well plugging and site reclamation fund; to amend and reenact subsection 7 of section 6-08.1-02 and sections 6-09-35, 6-09-46.2, 6-09.7-05, 6-09.14-04, and 49-17.1-02.1, subsection 1 of section 54-17-40, and subdivision a of subsection 4 of section 54-17.7-04 of the North Dakota Century Code, and section 15 of chapter 14 of the 2023 Session Laws, relating to confidential and exempt records of the Bank of North Dakota, the rebuilders loan program, loan guarantees through the strategic investment and improvements fund, interest rate buydown limits for the partnership in assisting community expansion fund, department of transportation review and approval of rail projects, uses of the housing incentive fund, North Dakota pipeline borrowing authority, and a salt cavern underground energy storage research project; to repeal section 3 of Senate Bill No. 2188, as approved by the sixty-ninth legislative assembly, relating to a transfer from the strategic investment and improvements fund to the clean sustainable energy fund; to provide a deficiency appropriation; to provide for a transfer; to provide an exemption; to provide for a legislative management study; to provide for a legislative management report; to provide for a report; to provide an effective date; and to declare an emergency.

AI Summary

This bill provides a comprehensive appropriations and funding package for various North Dakota state agencies and programs for the 2025-2027 biennium, with a focus on economic development, energy research, housing, and infrastructure. The bill includes a total appropriation of approximately $439 million, with funding sources from the general fund, special funds, and strategic investment and improvements fund. Key provisions include a $140 million transfer from the Bank of North Dakota to the general fund, $25 million transferred to the housing incentive fund, and $21 million transferred to the oil and gas research fund. The bill establishes a new rail revolving loan fund to support rail infrastructure improvements and provides funding for various economic development initiatives, such as an enhanced oil recovery grant program and a study on economic opportunities in western North Dakota. Additionally, the bill makes several technical amendments to existing laws, including changes to confidentiality provisions for the Bank of North Dakota and modifications to loan programs. The legislation also includes provisions for legislative management studies on homelessness and economic development, and requires reports from various state agencies on specific projects and initiatives.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Appropriations (S)

Last Action

Filed with Secretary Of State 05/19 (on 06/11/2025)

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