The bill amends section 6-09.4-22 of the North Dakota Century Code to enhance the protection of services provided by political subdivisions during the term of loans from the public finance authority or other state agencies. It stipulates that services financed by such loans cannot be curtailed or limited by the inclusion of the service area within another political subdivision's boundaries or by granting 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 to continue serving the area 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 agency, 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 invalidation, thereby protecting the interests of the public finance authority. The bill is declared an emergency measure, indicating its immediate importance.

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
Enrollment: 6-09.4-22