ND HB1286

Bank of North Dakota administers loans to medical facilities for construction projects of at least $1 million expected to be used for 30+ years, with priority given to applicants in oil-producing counties.

Loans cannot exceed the lesser of $15 million or 75% of project cost, carry 1% interest rates, and require repayment within 25 years; individual facilities may receive multiple loans but total cannot exceed $15 million.

Governor establishes task force including medical providers from oil-producing counties to review applications and establish eligibility criteria, with the Bank collecting annual service fees for administration.

Medical facility infrastructure fund receives a contingent transfer of up to $50 million from the strategic investment and improvements fund (July 1, 2015 - June 30, 2017) if average west Texas intermediate crude oil price is at least $75 per barrel during July 1, 2015 - December 31, 2016.

Loan repayment funds are split 50/50 annually between the state treasurer (for strategic investment and improvements fund) and the Bank (for undivided profits), with program operating through July 31, 2045.