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ND HB1140

Bill

Official Source

Status

Engrossed

2/25/2013

Primary Sponsor

Robert Skarphol

Click for details

Origin

House of Representatives

63rd Legislative Assembly

AI Summary

  • Bank of North Dakota shall provide a $40,000,000 loan to the western area water supply authority for construction of the project.
  • Terms and conditions of the loan must be negotiated between the western area water supply authority and the Bank of North Dakota.
  • Any previous loans may be added to and merged into this loan as agreed by both parties.
  • Authority may repay the loan from income generated by specific project features.
  • Authority is subject to default provisions under section 61-40-09 if it fails to pay principal or interest on the loan.
  • The Act is declared an emergency measure.

Legislative Description

A BILL for an Act to provide for a loan from the Bank of North Dakota to the western area water supply authority; and to declare an emergency.

Last Action

Second reading, failed to pass, yeas 0 nays 47

4/16/2013

Committee Referrals

Appropriations3/27/2013
Industry, Business, and Labor2/25/2013
Appropriations2/12/2013
Energy and Natural Resources1/10/2013

Full Bill Text

No bill text available