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 a loan. It stipulates that services financed through loans from the public finance authority or other state agencies cannot be curtailed or limited by the inclusion of the service area within another political subdivision's boundaries 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 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 agencies, provided they give thirty days written notice to the parties involved. This new clause ensures that any agreements made under the previous terms can be reconsidered, while also protecting ongoing litigation that commenced before the specified date.

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