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 deposited from the legacy earnings fund. The County and Township Bridge Fund will provide grants to counties for the repair or replacement of bridges, while the Legacy Earnings Tax Relief Fund will support tax relief programs. The bill also includes an appropriation of $80 million for the County and Township Bridge Fund and an additional $20 million for the Department of Transportation for bridge repairs, both for the biennium from July 1, 2025, to June 30, 2027.

Additionally, the bill outlines the order of funding transfers from the legacy earnings fund, removing the previous allocation to the general fund for tax relief initiatives and instead directing funds to the newly created bridge and tax relief funds. It expresses legislative intent for ongoing funding for bridge projects through June 30, 2035, and establishes an expiration date for the provisions of the bill after that date.

Statutes affected:
INTRODUCED: 21-10-13