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ND SB2014
Bill
Status
5/24/2013
Primary Sponsor
Appropriations Committee
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AI Summary
Senate Bill 2014 Summary
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Appropriates $230,262,359 total funding to the state industrial commission and its agencies (Bank of North Dakota, Mill and Elevator Association, Housing Finance Agency) for the 2013-15 biennium, with $43,007,372 from general fund and $187,254,987 from special funds.
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Transfers $38 million from Bank of North Dakota earnings to community expansion funds: $28 million to partnership in assisting community expansion fund, $2 million to agriculture partnership fund, $2 million to biofuels partnership fund, and $6 million to beginning farmer revolving loan fund.
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Appropriates $15.4 million one-time funding to housing incentive fund and establishes housing incentive fund tax credits allowing taxpayers to claim credits up to $20 million per biennium for contributions to the fund.
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Creates energy conservation grant fund with continuing appropriation for political subdivisions' energy conservation projects in public buildings, requiring matching funds and 10-year payback periods.
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Authorizes $500,000 for department of commerce to conduct study on value-added market opportunities for renewable energy and oil and gas development, with findings due by September 1, 2014.
Legislative Description
The beginning entrepreneur loan guarantee program, the resources trust fund, the oil and gas research council membership, the oil and gas research fund, the housing incentive fund, housing incentive fund credits, and classified employees; to provide for a value-added market opportunities for renewable energy resources and oil and gas study; to provide for a report to the legislative management; to provide an effective date; to provide an expiration date; and to declare an emergency.
Last Action
Signed by Governor 05/03
5/24/2013