This bill authorizes the North Dakota Department of Transportation to transfer approximately 1.25 acres of real property to the Office of Management and Budget. Notably, the transfer is exempt from the provisions of Sections 54-01-05.2 and 54-01-05.5, which typically govern such transactions.

Additionally, the bill allows the Office of Management and Budget to borrow up to $5.6 million through a line of credit from the Bank of North Dakota for the purpose of constructing a facility in Minot to lease to other state agencies. The interest rate on this line of credit is capped at the prevailing rate for North Dakota governmental entities. The funding is classified as one-time funding and is not subject to certain appropriation limitations, allowing it to extend into the next biennium. The bill also declares an emergency, indicating the urgency of its provisions.