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ND SB2260
Bill
Status
1/19/2015
Primary Sponsor
Terry Wanzek
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AI Summary
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Creates an economic impact grant fund in the state treasury to provide grants to counties, cities, school districts, and other taxing districts demonstrating extraordinary expenditures caused by economic development
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Limits eligible political subdivisions to those located in counties that received no allocation or less than $500,000 in prior year formula allocation funding under section 57-51-15
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Directs the Department of Commerce to establish grant procedures, application forms, and make disbursements at least once each fiscal year based on identified needs and revenue of impacted subdivisions
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Restricts grant funding to initial impacts including infrastructure and basic government services, excluding sociological impact services or secondary impact facilities
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Transfers $20,000,000 from the strategic investment and improvements fund to the economic impact grant fund during the 2015-2017 biennium and appropriates that amount to the Department of Commerce for grant awards
Legislative Description
A BILL for an Act to provide for an economic impact grant program for political subdivisions; to provide for a transfer; and to provide an appropriation.
Last Action
Second reading, failed to pass, yeas 17 nays 29
2/17/2015