This bill establishes a new section in the North Dakota Century Code to create the Animal Agriculture Facility Infrastructure Fund, which will be a special fund in the state treasury. The fund will consist of moneys transferred from sales, gross receipts, and use tax collections, with a cap of $500,000 per year. The state treasurer is responsible for distributing the certified amounts to counties for infrastructure projects related to animal agriculture facilities. The bill also amends existing laws regarding county budget limits and the allocation of sales tax revenue, specifically stating that the cash reserve limits do not apply to the infrastructure development fund.
Additionally, the bill outlines the process for counties to receive funding based on the tax commissioner’s certification of eligible tangible personal property purchases related to animal agriculture facilities. Counties must deposit the received funds into their infrastructure development fund, which can be used for projects near animal agriculture facilities or other county expenses. Organized townships can also request funding for road projects near these facilities, subject to county commissioner approval. The act is set to expire on June 30, 2029.
Statutes affected: INTRODUCED: 57-39.2-26
Prepared by the Legislative Council staff for Senator Rummel: 11-23-02, 57-39.2-26
FIRST ENGROSSMENT: 11-23-02, 57-39.2-26
Prepared by the Legislative Council staff for Representative Thomas: 11-23-02, 57-39.2-26
Enrollment: 11-23-02, 57-39.2-26