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 tasked with distributing funds to counties based on the amount certified by the tax commissioner for eligible tangible personal property 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 utilize the distributed funds for infrastructure projects near animal agriculture facilities and allows organized townships to request funding for road projects related to these facilities. The legislation includes a continuing appropriation for the fund and sets an expiration date of June 30, 2029, after which the act will become ineffective.

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