Bill
Bill > HB1014
ND HB1014
The housing incentive fund, the fund balance of the abandoned oil and gas well plugging and site reclamation fund, and a transfer to the statewide interoperable radio network fund; to provide a contingent authorization; to provide for a transfer; to provide for a contingent transfer; to provide an exemption; to provide for a report; to provide for a study; to provide a statement of legislative intent; and to declare an emergency.
summary
Introduced
01/03/2019
01/03/2019
In Committee
04/11/2019
04/11/2019
Crossed Over
02/20/2019
02/20/2019
Passed
04/26/2019
04/26/2019
Dead
Signed/Enacted/Adopted
05/02/2019
05/02/2019
Introduced Session
66th Legislative Assembly
Bill Summary
AN ACT to provide for an appropriation for defraying the expenses of the industrial commission and the agencies under the management of the industrial commission; to create and enact a new section to chapter 6-09 of the North Dakota Century Code, relating to a rebuilders home loan program; to amend and reenact section 54-17-40 and subdivision f of subsection 1 of section 57-51-15 of the North Dakota Century Code and section 7 of House Bill No. 1435, as approved by the sixty-sixth legislative assembly, relating to the housing incentive fund, the fund balance of the abandoned oil and gas well plugging and site reclamation fund, and a transfer to the statewide interoperable radio network fund; to provide a contingent authorization; to provide for a transfer; to provide for a contingent transfer; to provide an exemption; to provide for a report; to provide for a study; to provide a statement of legislative intent; and to declare an emergency.
AI Summary
This bill makes the following key provisions:
It appropriates funding for the expenses of the North Dakota Industrial Commission and its agencies, including the Bank of North Dakota, Housing Finance Agency, and Mill and Elevator Association. It creates a new Rebuilders Home Loan Program and Fund to provide loans at 1% interest for up to 20 years to North Dakota residents affected by 2019 river flooding to rebuild their flood-damaged homes or rental properties. It transfers various sums from the Bank of North Dakota's profits to funds like the Partnership in Assisting Community Expansion, Agriculture PACE, Biofuels PACE, Beginning Farmer Revolving Loan, and North Dakota Development Fund. It also contingently transfers funds from the Strategic Investment and Improvements Fund to the Infrastructure Revolving Loan Fund, and provides exemptions and additional funding for various research and marketing studies. Overall, the bill appropriates funds, creates new programs, and transfers monies between various state funds and programs to support North Dakota's economic development and recovery efforts.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Appropriations Committee (J)
Last Action
Signed by Governor 05/01 (on 05/02/2019)
Official Document
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