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, which will consist of moneys transferred from the legacy earnings fund. The bill specifies that the state treasurer will allocate funds from the legacy earnings fund, with the first $100 million directed to the County and Township Bridge Fund for grants to counties for bridge repairs or replacements. Additionally, the bill establishes the Legacy Earnings Tax Relief Fund, which will be used for tax relief programs.

The bill includes an appropriation of $80 million from the County and Township Bridge Fund for the biennium beginning July 1, 2025, to support bridge repair and replacement projects, with a specific allocation process based on identified needs. Furthermore, it appropriates $20 million to the Department of Transportation for similar purposes. The legislative intent is to ensure ongoing funding for these projects through June 30, 2035, after which the provisions of the bill will expire. Notably, the bill deletes previous allocations to the general fund for tax relief initiatives and reallocates those funds to the newly established bridge and tax relief funds.

Statutes affected:
INTRODUCED: 21-10-13