Bill > SB2323

This bill modifies how oil and gas gross production tax revenues are allocated in North Dakota, with several key changes. The bill increases the cap on the abandoned oil and gas well plugging and site reclamation fund from fifty million to one hundred million dollars through June 30, 2027, and then back to fifty million dollars afterward. It also introduces a new "hub city debt relief funding pool" that will distribute $10.5 million annually among three hub cities (Williston, Dickinson, and Minot) specifically for debt repayments related to oil and gas development impacts incurred between July 2012 and December 2025. Additionally, the bill adjusts state revenue deposits by increasing the initial deposits to the state general fund from $230 million to $250 million and modifying allocations to various state funds like the strategic investment and improvements fund. Hub cities receiving these funds will be required to provide periodic reports to the budget section about their debt and how the funding is used. The bill is effective for oil and gas gross production tax allocations occurring after August 31, 2025, and aims to provide targeted financial support to communities most impacted by oil and gas development.

Budget and Finance

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo2323.html