Bill > HB1332

This bill amends North Dakota's agriculture diversification and development fund to establish a new value-added agriculture production facility incentive program with specific grant eligibility requirements. The program allows for up to $30 million in grant funding for new agricultural production facilities that meet strict criteria, including being located in North Dakota, representing a minimum $350 million capital investment, producing a new or variant agricultural product, and having a competing offer from another Midwestern state. The grants will be distributed in two stages: 50% upon receiving a certificate of occupancy and the remaining 50% after achieving half of the facility's production capacity. The Bank of North Dakota may extend a line of credit up to $30 million to support these grants, with the agriculture commissioner able to access this credit through June 30, 2029. The bill is designed to support economic development by attracting large-scale agricultural production facilities that can diversify the state's agricultural markets and contribute significantly to the local economy, with an estimated economic contribution of at least $20 million when fully operational. The legislation is set to expire on June 30, 2029, and is being declared an emergency measure to facilitate its immediate implementation.

Agriculture and Natural Resources, Budget and Finance, Military Affairs and Security

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1332.html