This bill appropriates approximately $439.3 million to the industrial commission and its associated agencies for the biennium from July 1, 2025, to June 30, 2027. It includes enhancements to salaries, operating expenses, and grants for various subdivisions, such as the Bank of North Dakota and the Housing Finance Agency. A significant feature of the bill is the establishment of a new rail revolving loan fund aimed at improving rail infrastructure, alongside provisions for abandoned oil and gas well plugging and site reclamation. The bill also allocates one-time funding for initiatives like a federal grant for electricity grid resiliency and various studies.

In addition to funding appropriations, the bill amends existing laws related to the confidentiality of records at the Bank of North Dakota, specifically removing references to indirect financing and loan forgiveness write-offs. It establishes guidelines for fund transfers between programs, including significant transfers from the Bank's profits to the general fund. The bill also modifies provisions regarding the guarantee reserve fund, increasing allowable transfers and clarifying eligible uses of fund moneys. Furthermore, it mandates studies on homelessness and economic development opportunities in western North Dakota, with findings to be reported to the legislative assembly. An emergency measure is included, with certain sections taking effect on July 1, 2027.

Statutes affected:
Prepared by the Legislative Council staff for Senate Appropriations - Education and Environment Division Committee: 6-08.1-02, 6-09-35, 6-09.14-04
FIRST ENGROSSMENT: 6-08.1-02, 6-09-35, 6-09.14-04
Prepared by the Legislative Council staff for House Appropriations - Government Operations Division Committee: 6-08.1-02, 6-09-35, 6-09-46.2, 6-09.7-05, 6-09.14-04, 49-17.1-02.1, 54-17-40, 54-17.7-04
Prepared by the Legislative Council staff for Conference Committee: 6-08.1-02, 6-09-35, 6-09-46.2, 6-09.7-05, 6-09.14-04, 49-17.1-02.1, 54-17-40, 54-17.7-04
Enrollment: 6-08.1-02, 6-09-35, 6-09-46.2, 6-09.7-05, 6-09.14-04, 49-17.1-02.1, 54-17-40, 54-17.7-04