The bill amends section 57-51.1-07.9 of the North Dakota Century Code to establish a continuing appropriation for the state energy research center fund. It mandates that before the deposit of oil and gas gross production tax and oil extraction tax revenues, one percent of these revenues must be deposited monthly into the fund, with a cap of seven million five hundred thousand dollars per biennium. The funds and any interest accrued are continuously appropriated to the industrial commission for distribution to the state energy research center, which is required to utilize the funds in accordance with existing law.

Additionally, the bill specifies that the provisions will remain effective through June 30, 2029, extending the timeline for the fund's operation. This amendment aims to ensure a steady flow of resources to support energy research initiatives in North Dakota, reflecting the state's commitment to advancing energy research and development.

Statutes affected:
INTRODUCED: 57-51.1-07.9
Prepared by the Legislative Council staff for House Appropriations Committee: 57-51.1-07.9
Enrollment: 57-51.1-07.9