ND
North Dakota House Bill HB1619

North Dakota 2025-2026 Regular Session

North Dakota House Bill HB1619 Compare Versions

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2+Title.03000
3+Adopted by the Senate Human Services
4+Committee
25 Sixty-ninth
6+March 24, 2025
37 Legislative Assembly
48 of North Dakota
59 Introduced by
610 Representatives O'Brien, Mitskog, Nelson, Stemen
711 Senators Dever, Klein
812 A BILL for an Act to create and enact a new section to chapter 6-09 of the North Dakota Century
9-Code, relating to a long-term care facility infrastructure loan fund; to amend and reenact
10-subsection 3 of section 6-09-47 of the North Dakota Century Code, relating to the medical
11-facility infrastructure loan fund; to provide for a transfer; and to provide for a continuing
12-appropriation.
13+Code, relating to a long-term care facility infrastructure loan fund; to provide for a transfer; and
14+to provide for a continuing appropriation.
1315 BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA:
1416 SECTION 1. A new section to chapter 6-09 of the North Dakota Century Code is created
1517 and enacted as follows:
1618 Long-term care facility infrastructure loan fund - Continuing appropriation.
1719 1.The Bank of North Dakota shall administer a loan program to provide loans to nursing
1820 and basic care facilities for renovation projects or the construction of new facilities. A
1921 construction project may include a land purchase and the purchase, lease, erection, or
2022 improvement of any structure or facility to the extent the governing body of the nursing
2123 or basic care facility has the authority to authorize such activity.
2224 2.The long-term care facility infrastructure loan fund is a special fund maintained in the
2325 state treasury from which the Bank shall provide loans under this section. The fund
2426 consists of revenues transferred under legislative authorization, interest upon moneys
2527 in the fund, and collections of interest and principal on loans made from the fund. All
2628 moneys in the fund are appropriated on a continuing basis to the Bank for the purpose
2729 of providing loans under this section.
2830 3.The governing body of a nursing or basic care facility may submit an application to the
2931 Bank for a loan. The application must:
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3133 ENGROSSED HOUSE BILL NO. 1619
3234 FIRST ENGROSSMENT
33-with Senate Amendments
35+PROPOSED AMENDMENTS TO
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57+a.Detail the proposed construction project;
58+b.Demonstrate the need and long-term viability of the project; and
59+c.Include financial information the Bank determines appropriate to verify eligibility.
60+4.A loan approved under this section:
61+a.May not exceed fifty percent of project costs;
62+b.May not exceed ten million dollars for a project;
63+c.Must have an interest rate that does not exceed two percent; and
64+d.Must have a repayment schedule of no longer than thirty years.
65+5.A recipient of a loan under this section shall complete the financed construction project
66+within twenty-four months of the approval of the loan. Failure to comply with this
67+subsection may result in forfeiture of the entire loan received under this section.
68+6.The Bank shall deposit in the fund all principal and interest paid on the loans made
69+from the fund. The Bank may deduct from interest payments a service fee for costs of
70+administering the loan program. The fund must be audited annually pursuant to
71+section 6 - 09 - 29, and the cost of the audit and any other actual costs incurred by the
72+Bank on behalf of the fund must be paid from the fund.
73+SECTION 2. TRANSFER - STRATEGIC INVESTMENT AND IMPROVEMENTS FUND -
74+LONG-TERM CARE FACILITY INFRASTRUCTURE LOAN FUND. The office of management
75+and budget shall transfer the sum of $50,000,000$100,000,000 from the strategic investment
76+and improvements fund to the long-term care facility infrastructure loan fund during the
77+biennium beginning July 1, 2025, and ending June 30, 2027.
78+Page No. 2 25.1332.02001
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57-a.Detail the proposed construction project;
58-b.Demonstrate the need and long-term viability of the project; and
59-c.Include financial information the Bank determines appropriate to verify eligibility.
60-4.A loan approved under this section:
61-a.May not exceed fifty percent of project costs;
62-b.May not exceed ten million dollars for a project;
63-c.Must have an interest rate that does not exceed two percent; and
64-d.Must have a repayment schedule of no longer than thirty years.
65-5.A recipient of a loan under this section shall complete the financed construction project
66-within twenty-four months of the approval of the loan. Failure to comply with this
67-subsection may result in forfeiture of the entire loan received under this section.
68-6.The Bank shall deposit in the fund all principal and interest paid on the loans made
69-from the fund. The Bank may deduct from interest payments a service fee for costs of
70-administering the loan program. The fund must be audited annually pursuant to
71-section 6 - 09 - 29, and the cost of the audit and any other actual costs incurred by the
72-Bank on behalf of the fund must be paid from the fund.
73-SECTION 2. AMENDMENT. Subsection 3 of section 6-09-47 of the North Dakota Century
74-Code is amended and reenacted as follows:
75-3.A loan provided under this section:
76-a.May not exceed the lesser of fifteenten million dollars or seventy-five percent of
77-the actual cost of the project;
78-b.Must have an interest rate equal to onetwo percent; and
79-c.Must provide a repayment schedule of no longer than twenty-fivethirty years.
80-SECTION 3. TRANSFER - STRATEGIC INVESTMENT AND IMPROVEMENTS FUND -
81-LONG-TERM CARE FACILITY INFRASTRUCTURE LOAN FUND. The office of management
82-and budget shall transfer the sum of $35,000,000 from the strategic investment and
83-improvements fund to the long-term care facility infrastructure loan fund during the biennium
84-beginning July 1, 2025, and ending June 30, 2027.
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