North Dakota House Bill HB1163

North Dakota 2025-2026 Regular Session

• Introduced: 1/7/25
• Refer: 1/7/25
• Report Pass: 1/29/25
• Refer: 1/29/25
• Report DNP: 2/24/25

Caption

The legacy and budget stabilization fund advisory board; and to provide a continuing appropriation.

Impact

The bill seeks to improve the funding infrastructure for educational facilities within the state. By offering loans of up to ten million dollars for school construction projects based on enrollment, it addresses the need for financial support in districts looking to upgrade or expand their facilities. The continued appropriation of funds for loan disbursements is expected to enhance the ability of school districts to respond to demographic and academic needs effectively.

Summary

House Bill 1163 aims to create a legacy fund school construction assistance loan fund within the state of North Dakota. This bill, designed to facilitate financing for new construction and remodeling projects in school districts, stipulates that districts can receive loans provided they meet specific criteria, such as proposed projects with a minimum cost of one million dollars and expected utilization of at least thirty years. The fund will be administered by the Bank of North Dakota.

Contention

A significant point of contention is the requirement for school districts to publish information regarding additional costs and bond authorizations, which could be a burden for smaller districts. Critics may argue that the bill could lead to complications in securing necessary community support for funding projects due to transparency and approval processes, particularly regarding the financial implications of increased millage.