The proposed amendments to section 6-09.4-22 of the North Dakota Century Code aim to enhance the protection of services provided by political subdivisions during the term of loans from the public finance authority or other state agencies. The bill stipulates that services financed through loans cannot be curtailed or limited by the inclusion of the service area within another political subdivision or by the granting of private franchises for similar services. Additionally, it clarifies that the political subdivision providing the service is not required to obtain any franchise, license, or permit if it is included within another political subdivision's boundaries during the loan term.

Furthermore, the bill introduces a new provision stating that any agreement made before January 1, 2025, that violates the conditions outlined in the bill is voidable at the discretion of the public finance authority or other state agencies, provided they give thirty days written notice to the parties involved. This new language ensures that agreements made under these circumstances are subject to review and potential cancellation, thereby safeguarding the interests of the public finance authority. The bill is also declared an emergency measure, indicating its urgency for implementation.

Statutes affected:
INTRODUCED: 6-09.4-22
Adopted by the House Political Subdivisions Committee: 6-09.4-22
FIRST ENGROSSMENT: 6-09.4-22
Adopted by the Senate Industry and Business Committee: 6-09.4-22