This bill appropriates funding for the industrial commission and its associated agencies for the biennium from July 1, 2025, to June 30, 2027, detailing allocations for various programs, including a rail revolving loan fund and the abandoned oil and gas well plugging and site reclamation fund. It amends sections of the North Dakota Century Code to enhance the confidentiality of records related to the Bank of North Dakota and the management of funds such as the housing incentive fund and the strategic investment and improvements fund. The bill also includes a deficiency appropriation, mandates a legislative management study on homelessness, and outlines the establishment of a rebuilders loan program to assist residents affected by disasters or economic hardships.

Key financial provisions include base level enhancements for agency funding, with significant allocations for salaries, operating expenses, and grants. The bill specifies transfers from the Bank of North Dakota's profits to the general fund and economic development programs, while also clarifying the confidentiality of bank records and the release of information regarding financing. It prohibits the use of fund moneys for refinancing existing debt or relocating businesses within the state, mandates annual audits, and emphasizes collaboration between the Bank of North Dakota and other state agencies. Additionally, it allocates $225,500 from federal funds for administrative expenses related to the abandoned well reclamation program and outlines a study to explore economic development opportunities in western North Dakota as oil and gas activities decline.

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