The bill amends sections 54-63.1-03 and 54-63.1-07 of the North Dakota Century Code, which pertain to the Clean Sustainable Energy Authority and the Clean Sustainable Energy Fund. Notably, the membership of the Clean Sustainable Energy Authority is increased from seventeen to eighteen members, with the addition of one nonvoting technical advisor from the Department of Water Resources. The structure of voting and nonvoting members is also adjusted, increasing the number of nonvoting technical advisors from eight to nine. Additionally, the bill specifies that the authority must meet at least semiannually and establishes quorum requirements for meetings.

Furthermore, the bill outlines the creation of a Clean Sustainable Energy Fund, which will receive a transfer of $50 million from the Strategic Investment and Improvements Fund during the biennium from July 1, 2025, to June 30, 2027. This transfer includes $10 million designated for grants and $40 million intended for repaying a line of credit and funding loans. The Bank of North Dakota is authorized to extend a line of credit to the Industrial Commission, with specific repayment provisions and conditions based on the availability of funds in the Clean Sustainable Energy Fund.

Statutes affected:
INTRODUCED: 54-63.1-03
Adopted by the Senate Energy and Natural Resources Committee: 54-63.1-03
FIRST ENGROSSMENT: 54-63.1-03
Prepared by the Legislative Council staff for Senate Appropriations - Education and Environment Division Committee: 54-63.1-03
SECOND ENGROSSMENT: 54-63.1-03
Adopted by the House Energy and Natural Resources Committee: 54-63.1-03, 54-63.1-07
Prepared by the Legislative Council staff for House Appropriations Committee: 54-63.1-03, 54-63.1-07
Prepared by the Legislative Council staff for Senator Patten: 54-63.1-03, 54-63.1-07
Enrollment: 54-63.1-03, 54-63.1-07