Bill > SB2188

This bill makes two primary changes to North Dakota's clean sustainable energy authority and fund. First, it modifies the membership of the clean sustainable energy authority by increasing the total number of members from 17 to 18, adding one more nonvoting technical advisor - specifically, the director of the department of water resources or their designee. Second, the bill extends the line of credit for the clean sustainable energy fund from June 30, 2025, to June 30, 2029, allowing the Industrial Commission to continue accessing up to $390 million from the Bank of North Dakota to support sustainable energy loans and loan guarantees. Additionally, the bill includes a provision to transfer $50 million from the strategic investment and improvements fund to the clean sustainable energy fund during the 2025-2027 biennium, with $10 million designated for grants and $40 million for loan repayment and additional loan funding. These changes aim to support the continued development and financing of clean and sustainable energy projects in North Dakota by providing more flexible funding mechanisms and expanding the advisory authority's expertise.

Agriculture and Natural Resources, Budget and Finance

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo2188.html