Bill > SB2151

This bill modifies North Dakota's Legacy Earnings Fund provisions to redirect and create new funding streams from legacy fund earnings. Specifically, the bill establishes two new funds: a County and Township Bridge Fund and a Legacy Earnings Tax Relief Fund. Under the revised law, after transferring $102.6 million to the legacy sinking and interest fund and $100 million to the highway distribution fund, the next $100 million will now go to the county and township bridge fund for grants to repair or replace county and township bridges. Any remaining legacy fund earnings will be deposited into the new legacy earnings tax relief fund for potential tax relief programs. The bill includes an $80 million appropriation to the state treasurer for bridge repair grants, distributed based on each county's share of bridge repair needs, and a $20 million appropriation to the Department of Transportation for bridge projects in counties with smaller infrastructure needs. The legislative intent is to continue funding county and township bridge projects through June 30, 2035, and the changes to the legacy earnings fund will be effective until that date. This approach represents a strategic reallocation of North Dakota's oil wealth to support critical infrastructure and potential future tax relief.

Budget and Finance

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo2151.html