Bill > SB2403

This bill establishes a new "medical facility emergency operating loan program" within the existing "medical facility infrastructure loan fund," which is administered by the Bank of North Dakota and used to provide loans for healthcare facility construction and improvements. The new program will offer emergency operating loans of up to $5 million with an interest rate not exceeding two percent and a repayment term of up to eleven years, with the first year eligible for interest-only payments, specifically to local nonprofit hospitals in cities with fewer than 2,500 residents, provided they apply by March 31, 2026, and demonstrate financial need and a viable plan for future operations. To fund this new program, $5 million is appropriated from the state's general fund and transferred to the medical facility infrastructure loan fund, with this funding designated as a one-time item and available until June 30, 2027. The bill also clarifies that the provisions related to the emergency operating loan program will be effective immediately upon filing with the secretary of state and will expire on June 30, 2037.

Budget and Finance

https://ndlegis.gov/assembly/69-2025/special/bill-overview/bo2403.html