Bill > HB1487

This bill authorizes the North Dakota Department of Transportation to transfer approximately 1.25 acres of land in Ward County to the Office of Management and Budget (OMB), and provides OMB with the ability to borrow up to $5.6 million through a line of credit from the Bank of North Dakota during the 2025-2027 biennium. The borrowed funds are specifically for constructing a facility in Minot that will be leased to other state agencies, with the interest rate not exceeding the prevailing rate charged to North Dakota governmental entities. If the line of credit is accessed, OMB must request a deficiency appropriation from the 70th legislative assembly to repay the borrowed funds. The bill exempts this appropriation from standard budget continuity rules, allowing the funds to be carried over into the 2027-2029 biennium. The bill also declares itself an emergency measure, which typically means it would go into effect immediately upon becoming law, and includes provisions certifying its passage by the North Dakota House of Representatives and Senate with substantial majority votes.

Budget and Finance

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1487.html