The proposed amendments to the North Dakota Century Code aim to enhance the Agriculture Diversification and Development Fund by amending sections 4.1-01.1-07 and 4.1-01.1-08. Key changes include the establishment of a continuing appropriation for the fund, which will now allow the agriculture diversification and development committee to designate available amounts for loans, interest rate buydowns, and grants. The bill also introduces provisions for the committee to utilize funding for in-state travel and related costs associated with administering grants, while allowing the agriculture commissioner to reimburse committee members for their expenses.

Additionally, the bill appropriates $15,000,000 from the general fund to the agriculture diversification and development fund for the biennium beginning July 1, 2025, and ending June 30, 2027. Of this amount, up to $10,000,000 is earmarked for agriculture infrastructure grants to political subdivisions. The amendments also clarify the composition and responsibilities of the agriculture diversification and development committee, including the reimbursement of members for their duties and per diem compensation for their service.

Statutes affected:
INTRODUCED: 4.1-01.1-07
Prepared by the Legislative Council staff for Senate Appropriations Committee: 4.1-01.1-07
FIRST ENGROSSMENT: 4.1-01.1-07
Adopted by the House Agriculture Committee: 4.1-01.1-07, 4.1-01.1-08