North Dakota 2023-2024 Regular Session

North Dakota House Bill HB1215

Introduced
1/9/23  
Refer
1/9/23  
Report Pass
1/16/23  
Engrossed
1/19/23  
Refer
2/13/23  
Report Pass
3/7/23  
Enrolled
3/10/23  

Caption

Business incentives, agreements, and reports administered by the department of commerce.

Impact

The implications of HB 1215 are significant for state laws surrounding business incentives. The bill is designed to simplify the oversight of business development programs, particularly by granting the authority to provide various forms of financial assistance such as loans and grants to qualified entities involved in clean sustainable energy projects. This change could potentially lead to increased investment in clean energy technologies and foster innovation within the state, ultimately contributing to North Dakota's economic development goals.

Summary

House Bill 1215 is a legislative initiative aimed at amending and reenacting several sections of the North Dakota Century Code related to business incentives and financial reporting. The bill seeks to streamline the requirements for reporting on business incentives and to repeal existing regulations under chapter 54-60.1, which governed reporting standards for business agreements and financial assistance administered by the Department of Commerce. By eliminating specific reporting requirements, the bill aims to enhance efficiency in how business incentives are managed and reported in the state.

Sentiment

Sentiment around the bill appears to be generally supportive among those who advocate for economic growth and development in North Dakota. Proponents believe that reducing reporting burdens will encourage more businesses to apply for assistance programs and invest in the state. However, there may be concerns regarding transparency and accountability, as some stakeholders fear that repealing reporting requirements might lead to less oversight on how public funds are utilized.

Contention

One notable point of contention surrounding HB 1215 is the potential trade-off between reduced regulatory burden and the need for public accountability. Critics might argue that repealing the reporting standards established in the previous chapter could undermine state oversight of financial assistance programs, potentially allowing for misuse of funds without adequate checks in place. As the bill progresses, discussions are likely to center around finding a balance that promotes business development while ensuring that taxpayer money is managed responsibly.

Companion Bills

No companion bills found.

Previously Filed As

ND SB2233

The audit of loan programs administered by the Bank of North Dakota.

ND HB1014

Fuel production facility loan guarantee reserve funding, the housing incentive fund, the powers of the North Dakota pipeline authority, definitions for the clean sustainable energy authority, a clean sustainable energy authority line of credit, and an appropriation from the state fiscal recovery fund; to provide a contingent appropriation; to provide for a transfer; to provide an exemption; to provide for a study; to provide for a report; to provide a statement of legislative intent; to provide an effective date; and to declare an emergency.

ND SB2014

A transfer from the strategic investment and improvements fund to the clean sustainable energy fund; to provide a deficiency appropriation; to provide for a transfer; to provide an exemption; to provide for a legislative management study; to provide for a legislative management report; to provide for a report; to provide an effective date; and to declare an emergency.

ND HB1018

The legacy investment for technology program, the North Dakota development fund, the workforce enhancement council, the administration of uncrewed aircraft system programs, workforce development grants to tribally controlled community colleges, and a North Dakota development fund grant program; to provide a transfer; to provide an exemption; to provide for a report; and to declare an emergency.

ND SF2476

Various Department of Commerce governed or administered provisions modifications

ND HB1165

The health division, a biennial report, and reporting sexually transmitted diseases.

ND SB2018

The purpose of the North Dakota development fund, duties and talent strategy of the division of workforce development, the uncrewed aircraft systems program, the uncrewed aircraft systems program fund, the beyond visual line of sight uncrewed aircraft system program, and changing the name of the office of legal immigration to the global talent office; to authorize a Bank of North Dakota line of credit; to provide for a transfer; to provide an application; to provide an exemption; and to provide for a legislative management report.

ND HB1216

The North Dakota development fund small business technology investment program.

ND A2892

Provides incentives for certain businesses associated with military installations.

ND S2044

Provides incentives for certain businesses associated with military installations.

Similar Bills

No similar bills found.