This bill amends several sections of the North Dakota Century Code related to the university system capital building fund, which is established to support capital projects at institutions under the control of the state board of higher education. Key amendments include the creation of a tier II allocation for each institution, which is subject to matching requirements, and the introduction of specific provisions for extraordinary repairs and deferred maintenance projects. The bill also repeals a previous section regarding the capital building fund pool and mandates a transfer of $65 million from the strategic investment and improvements fund to the university system capital building fund, with specified allocations for various institutions.

Additionally, the bill outlines new matching requirements for tier II and tier III capital building funds, differentiating between the University of North Dakota and North Dakota State University and other institutions. For tier II projects, these two universities must provide two dollars in matching funds for every dollar received, while other institutions must provide one dollar. For tier III projects, the matching requirement is set at one dollar for every nine dollars received for the other institutions, and one dollar for every two dollars for the two major universities. The bill expresses legislative intent for future appropriations to further support the capital building fund.

Statutes affected:
INTRODUCED: 15-54.1-01, 15-54.1-02, 15-54.1-03, 15-54.1-04, 15-54.1-05