This bill proposes the creation of two new funds within the North Dakota Century Code: the County and Township Bridge Fund and the Legacy Earnings Tax Relief Fund. It amends section 21-10-13 to establish the framework for these funds, detailing how moneys will be allocated. Notably, the bill deletes the previous allocation of $225 million to the general fund for tax relief initiatives and instead directs $100 million to the newly created County and Township Bridge Fund for bridge repairs and replacements. Additionally, any remaining funds will now be allocated to the Legacy Earnings Tax Relief Fund rather than the general fund and the strategic investment and improvements fund.

The County and Township Bridge Fund will consist of moneys deposited from the legacy earnings fund and will be used for grants to counties for bridge repairs. An appropriation of $80 million is designated for this purpose for the biennium from July 1, 2025, to June 30, 2027. The Legacy Earnings Tax Relief Fund will also be funded from the legacy earnings fund and will support tax relief programs. The bill expresses legislative intent for ongoing funding for bridge projects through June 30, 2035, and establishes an expiration date for the provisions of the act.

Statutes affected:
INTRODUCED: 21-10-13