This bill provides an appropriation of up to $20,000,000 to the state historical society for the North Dakota military museum project, allowing the society to borrow this amount through a line of credit from the Bank of North Dakota until June 30, 2027. The bill outlines that the interest rate on the line of credit cannot exceed the prevailing rate for North Dakota governmental entities and mandates that the state historical society must repay the borrowed funds from donations. Additionally, the bill expresses the legislative intent for a total state funding of $39,200,000 for the project, which includes various funding sources and emphasizes the prioritization of construction to complete the museum's exterior.

The bill also amends section 55-01-02.1 of the North Dakota Century Code, granting the state historical society jurisdiction over the North Dakota heritage center and its military gallery. It establishes responsibilities for public displays and signage in consultation with the adjutant general and sets guidelines for naming rights within the military museum. Furthermore, it repeals a previous requirement related to donation pledges for accessing funding from the strategic investment and improvements fund. The act is effective immediately upon filing with the secretary of state.

Statutes affected:
INTRODUCED: 55-01-02.1
Prepared by the Legislative Council staff for Representative Bosch: 55-01-02.1
FIRST ENGROSSMENT: 55-01-02.1
Enrollment: 55-01-02.1