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ND HB1468
Bill
Status
4/4/2013
Primary Sponsor
Thomas Beadle
Click for details
AI Summary
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Amends section 40-57-02 of the North Dakota Century Code to expand the definition of "project" eligible for municipal industrial development bonds.
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Explicitly includes water and sewer lines and other underground infrastructure as eligible project components.
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Maintains existing categories of eligible projects including manufacturing, agricultural processing, warehousing, distribution, child care, healthcare facilities, environmental pollution control, and public career and technical education.
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Adds catch-all provision allowing any other industry or business not prohibited by North Dakota constitution or laws to qualify for bond funding.
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Excludes undertakings defined in chapter 40-35 unless specifically referred to in this subsection.
Legislative Description
Authorized municipal industrial development bond projects.
Last Action
Signed by Governor 04/03
4/4/2013