1 | 1 | | 25.1154.02000 |
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2 | 2 | | Sixty-ninth |
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3 | 3 | | Legislative Assembly |
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4 | 4 | | of North Dakota |
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5 | 5 | | Introduced by |
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6 | 6 | | Senators Sickler, Sorvaag |
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7 | 7 | | Representatives Sanford, Swiontek |
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8 | 8 | | A BILL for an Act to amend and reenact sections 15-54.1-01, 15-54.1-02, 15-54.1-03, and |
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9 | 9 | | 15-54.1-04 of the North Dakota Century Code, relating to the university system capital building |
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10 | 10 | | fund; to repeal section 15-54.1-05 of the North Dakota Century Code, relating to the university |
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11 | 11 | | system capital building fund pool; to provide for a transfer; and to provide legislative intent. |
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12 | 12 | | BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: |
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13 | 13 | | SECTION 1. AMENDMENT. Section 15-54.1-01 of the North Dakota Century Code is |
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14 | 14 | | amended and reenacted as follows: |
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15 | 15 | | 15-54.1-01. University system capital building fund - Creation - Continuing |
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16 | 16 | | appropriation. |
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17 | 17 | | There is created in the state treasury the university system capital building fund. The |
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18 | 18 | | university system capital building fund consists of moneys transferred to the fund and any |
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19 | 19 | | interest and earnings of the fund. The state board of higher education may provide for the fund |
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20 | 20 | | to be invested under the supervision of the state investment board. Moneys in the fund are |
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21 | 21 | | appropriated to the state board of higher education on a continuing basis for allocations to the |
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22 | 22 | | institutions under the control of the state board of higher education for capital projects as |
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23 | 23 | | directed by the legislative assembly and in accordance with this chapter. Any interest or |
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24 | 24 | | earnings of the fund must be allocated to the capital building fund pooltier II for each institution |
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25 | 25 | | within the university system capital building fund and is subject to matching requirements under |
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26 | 26 | | this chapter. |
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27 | 27 | | SECTION 2. AMENDMENT. Section 15-54.1-02 of the North Dakota Century Code is |
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28 | 28 | | amended and reenacted as follows: |
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29 | 29 | | 15-54.1-02. Capital building funds - Uses - Reports. |
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30 | 30 | | Subject to tier II and tier III capital building fund matching requirements under this chapter, |
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31 | 31 | | each institution may use its allocation of funds from the university system capital building fund |
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32 | 32 | | Page No. 1 25.1154.02000 |
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33 | 33 | | SENATE BILL NO. 2212 |
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58 | 58 | | 24 Sixty-ninth |
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59 | 59 | | Legislative Assembly |
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60 | 60 | | for projects specifically authorized by the legislative assembly to use university system capital |
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61 | 61 | | building fund moneys. In addition, after an institution has matched and committed seventy-five |
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62 | 62 | | percent of the funding appropriated for the institution's tier I extraordinary repairs and subject to |
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63 | 63 | | state board of higher education approval and matching requirements under this chapter, each |
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64 | 64 | | institution may use its tier II allocation of funds from the university system capital building fund |
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65 | 65 | | for extraordinary repairs and deferred maintenance projects, including bond payments for these |
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66 | 66 | | projects, for academic and student housing facilities that do not increase the overall square |
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67 | 67 | | footage of a building. The state board of higher education shall report biennially to the legislative |
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68 | 68 | | management and to the appropriations committees of the legislative assembly on the use of |
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69 | 69 | | funding in the university system capital building fund, the source of matching funds, and each |
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70 | 70 | | institution's five-year plan for capital construction spending. |
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71 | 71 | | SECTION 3. AMENDMENT. Section 15-54.1-03 of the North Dakota Century Code is |
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72 | 72 | | amended and reenacted as follows: |
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73 | 73 | | 15-54.1-03. Tier II capital building funds - Matching requirements. |
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74 | 74 | | The state board of higher education may allocate tier II capital building fund moneys to an |
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75 | 75 | | institution, excluding the university of North Dakota and North Dakota state university, for a |
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76 | 76 | | project only after the institution provides one dollar of matching funds from operations or other |
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77 | 77 | | sources for each one dollar from the university system capital building fund for the project. The |
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78 | 78 | | state board of higher education may allocate tier II capital building fund moneys to the university |
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79 | 79 | | of North Dakota and North Dakota state university for a project only after the institution provides |
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80 | 80 | | two dollars of matching funds from operations or other sources for each one dollar from the |
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81 | 81 | | university system capital building fund for the project. An institution may not use tier I |
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82 | 82 | | extraordinary repairs funding, tier III capital building fund moneys, or state funding appropriated |
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83 | 83 | | for a specific capital project as matching funds under this section. |
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84 | 84 | | SECTION 4. AMENDMENT. Section 15-54.1-04 of the North Dakota Century Code is |
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85 | 85 | | amended and reenacted as follows: |
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86 | 86 | | 15-54.1-04. Tier III capital building funds - Matching requirements. |
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87 | 87 | | The state board of higher education may allocate tier III capital building fund moneys to an |
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88 | 88 | | institution, excluding the university of North Dakota and North Dakota state university, only after |
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89 | 89 | | the institution provides two dollarsone dollar of matching funds from operations or other sources |
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90 | 90 | | for each one dollarevery nine dollars from the university system capital building fund for the |
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91 | 91 | | Page No. 2 25.1154.02000 |
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122 | 122 | | 31 Sixty-ninth |
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123 | 123 | | Legislative Assembly |
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124 | 124 | | project. The state board of higher education may allocate tier III capital building fund moneys to |
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125 | 125 | | the university of North Dakota and North Dakota state university for a project only after the |
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126 | 126 | | institution provides one dollar of matching funds from operations or other sources for every |
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127 | 127 | | two dollars from the university system capital building fund for the project. An institution may not |
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128 | 128 | | use tier I extraordinary repairs funding, tier II capital building fund moneys, or state funding |
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129 | 129 | | appropriated for a specific capital project as matching funds under this section. |
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130 | 130 | | SECTION 5. REPEAL. Section 15-54.1-05 of the North Dakota Century Code is repealed. |
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131 | 131 | | SECTION 6. TRANSFER - STRATEGIC INVESTMENT AND IMPROVEMENTS FUND - |
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132 | 132 | | UNIVERSITY SYSTEM CAPITAL BUILDING FUND. The office of management and budget |
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133 | 133 | | shall transfer $65,000,000 from the strategic investment and improvements fund to the |
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134 | 134 | | university system capital building fund during the period beginning with the effective date of this |
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135 | 135 | | Act, and ending June 30, 2027, as requested by the commissioner of higher education. Funding |
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136 | 136 | | transferred pursuant to this section is to be allocated to each institution as follows: |
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137 | 137 | | Tier II Tier III Total |
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138 | 138 | | Bismarck state college $638,540 $3,500,000 $4,138,540 |
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139 | 139 | | Lake Region state college 266,062 2,500,000 2,766,062 |
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140 | 140 | | Williston state college 206,920 2,500,000 2,706,920 |
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141 | 141 | | University of North Dakota 6,542,702 12,250,000 18,792,702 |
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142 | 142 | | North Dakota state university 4,349,394 12,250,000 16,599,394 |
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143 | 143 | | North Dakota state college of science 751,042 3,500,000 4,251,042 |
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144 | 144 | | Dickinson state university 403,293 2,500,000 2,903,293 |
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145 | 145 | | Mayville state university 360,044 2,500,000 2,860,044 |
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146 | 146 | | Minot state university 859,202 3,500,000 4,359,202 |
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147 | 147 | | Valley City state university 463,705 2,500,000 2,963,705 |
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148 | 148 | | Dakota college at Bottineau 159,096 2,500,000 2,659,096 |
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149 | 149 | | Total $15,000,000$50,000,000 $65,000,000 |
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150 | 150 | | SECTION 7. LEGISLATIVE INTENT - UNIVERSITY SYSTEM CAPITAL BUILDING |
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151 | 151 | | FUND - TIER III. It is the intent of the sixty-ninth legislative assembly that the seventieth |
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152 | 152 | | legislative assembly appropriate $80,000,000 from state funds for tier III of the university |
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153 | 153 | | system capital building fund for the biennium beginning July 1, 2027, and ending June 30, 2029. |
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154 | 154 | | Page No. 3 25.1154.02000 |
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