ND
North Dakota House Bill HB1128

North Dakota 2025-2026 Regular Session

North Dakota House Bill HB1128

Introduced
1/7/25  
Refer
1/7/25  
Report Pass
1/23/25  
Refer
1/24/25  

Caption

A higher education infrastructure revolving loan fund; to provide an appropriation; to provide a transfer; and to provide for a legislative management report.

Impact

The proposed revolving loan fund is designed to alleviate financial burdens on higher education institutions by providing accessible financing options for infrastructure projects. An appropriation of $25 million from the state’s general fund is earmarked for this purpose, marking a significant investment in the state’s educational system. The bill anticipates that these funds will not only support immediate infrastructure needs but also contribute to longer-term financial sustainability for educational institutions by ensuring they have the necessary facilities to attract and retain students.

Summary

House Bill 1128 aims to establish a higher education infrastructure revolving loan fund in North Dakota. The bill allows the Bank of North Dakota to issue loans for auxiliary enterprise infrastructure projects at institutions governed by the state board of higher education. This fund is intended to support the construction and renovation of essential facilities, such as student housing and dining, thereby enhancing the overall infrastructure of higher education institutions in the state. With a maximum loan term of 20 years and an interest rate ceiling of three and a half percent, the legislation proposes a structured approach to financing educational infrastructure improvements.

Sentiment

The sentiment surrounding HB 1128 appears supportive among proponents who view it as a proactive step towards bolstering the quality and accessibility of higher education within North Dakota. Advocates argue that by investing in infrastructure, the state is effectively investing in the future of its students. However, there are also concerns from some legislators regarding the implications of this financial commitment on the state's broader budget priorities, particularly in times of fiscal constraint.

Contention

Notable points of contention include debates about the appropriateness of using state funds for higher education infrastructure during periods of overall budgetary challenges. Critics may voice concerns about the potential for mismanagement of funds or the prioritization of certain institutions over others. Furthermore, there is discussion about the terms of the loans and whether they adequately serve all institutions fairly and effectively.

Companion Bills

No companion bills found.

Previously Filed As

ND SB2015

A transfer of Bank of North Dakota profits to a water infrastructure revolving loan fund; to provide for a transfer; to provide an exemption; to provide for a legislative management study; to provide a report; to provide a penalty; to provide for application; to provide a retroactive effective date; to provide a contingent effective date; to provide an effective date; and to declare an emergency.

ND HB1003

Matching grants for legal education and the workforce education advisory council; to provide for a transfer; to provide for a legislative management study; to provide loan authorization for the Mayville state university old main project; to provide for a report; to provide an exemption; to provide legislative intent; and to declare an emergency.

ND HB1420

A small business diversity revolving loan fund; to provide a continuing appropriation; to provide an appropriation; and to provide a transfer.

ND SB2242

The Bank of North Dakota and the administration of the bulk propane storage tank revolving loan fund; to provide for a transfer; and to provide a continuing appropriation.

ND SB2284

School district enrollment, the definition of "probationary teacher", a school district's policy governing possession of a weapon, the definition of "dangerous weapon", modification of weighting factors, transition maximums and an increase in per student payments, and the school construction revolving loan fund; to provide for a legislative management study; to provide a legislative management report; to provide an appropriation; to provide for an exemption; to provide for a transfer; and to provide an effective date.

ND SB2397

A transfer of Bank of North Dakota profits to the water infrastructure revolving loan fund; to provide for a transfer; to provide for retroactive application; and to provide an effective date.

ND SB2196

The oversight of the western area water supply authority and infrastructure revolving loan fund payments; and to provide an appropriation.

ND HB1004

The deposit of judgment funds; to provide for a legislative management report; to provide for a transfer; and to provide for an exemption.

ND HB1480

A pay for success fund; to provide for a legislative management study; to provide for a legislative management report; to provide for a continuing appropriation; to provide for a transfer; and to provide an effective date.

ND SB2343

State board of higher education policy; and to provide for a legislative management report.

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