The proposed amendments to House Bill No. involve changes to the infrastructure revolving loan fund as outlined in section 6-09-49 of the North Dakota Century Code. The bill removes the previous language regarding the amendment and reenactment of subdivision m of subsection 2, which specifically mentioned "critical political subdivision buildings and infrastructure." Instead, it now includes "correctional" facilities as part of the infrastructure eligible for funding.

Additionally, the bill mandates a transfer of $20,000,000 from the strategic investment and improvements fund to the infrastructure revolving loan fund during the biennium from July 1, 2025, to June 30, 2027. The previous stipulation that the transferred funds could only be used for loans to political subdivisions for correctional facilities has been deleted, allowing for broader use of the funds within the infrastructure revolving loan fund.

Statutes affected:
Prepared by the Legislative Council staff for Representative Frelich: 6-09-49
FIRST ENGROSSMENT: 6-09-49