The proposed bill authorizes the North Dakota Department of Transportation to transfer approximately 1.25 acres of real property to the Office of Management and Budget. It includes provisions to exempt this transfer from certain existing laws and declares the act an emergency measure.
Additionally, the bill provides for a one-time appropriation for the Office of Management and Budget to construct a facility in Minot for leasing to other state agencies. It introduces a line of credit of up to $5.6 million from the Bank of North Dakota, with the stipulation that the interest rate must not exceed the prevailing rate for governmental entities in North Dakota. If the line of credit is utilized, the Office of Management and Budget is required to seek a deficiency appropriation from the next legislative assembly to repay it.