North Dakota 2025-2026 Regular Session

North Dakota House Bill HB1163

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.

Companion Bills

No companion bills found.

Previously Filed As

ND SB2330

The infrastructure revolving loan fund, the legacy and budget stabilization fund advisory board, and legacy fund definitions; and to declare an emergency.

ND HB1088

Membership of the state investment board and the legacy and budget stabilization fund advisory board; to provide an effective date; and to declare an emergency.

ND SB2398

Baseline funding and the determination of state school aid, loans from the coal development trust fund, and evidences of indebtedness; to provide an appropriation; to provide for retroactive application; and to provide an effective date.

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 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 HB1186

The school construction assistance revolving loan fund; and to declare an emergency.

ND HB1379

The legacy sinking and interest fund and the legacy earnings fund; to provide an effective date; and to declare an emergency.

ND SB2116

An information fund and continuing appropriation to pay publication and statistical processing expenses, organization claim file destruction, penalty for violation of a safety rule or regulation, and the retrospective rating program.

ND SB2346

Adjustments to state aid payments; to provide an appropriation; and to provide an effective date.

ND SB2309

Determination of state school aid, information displayed on property tax statements, transfer of legacy fund earnings, and deposit of oil and gas tax revenues; and to provide an effective date.