The proposed amendments to House Bill No. involve a transfer of funds to the infrastructure revolving loan fund in North Dakota. Specifically, the bill stipulates that the office of management and budget will transfer $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. This transfer is intended to support critical infrastructure projects, including correctional facilities.

Additionally, the bill modifies existing legal language by removing references to specific subdivisions and sections of the North Dakota Century Code related to the infrastructure revolving loan fund. The previous stipulation that funding could only be used for loans to political subdivisions for correctional facilities has been deleted, allowing for a broader application of the funds. The amendments aim to enhance the flexibility and availability of financial resources for various infrastructure needs within the state.

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