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ND SB2073
Bill
Status
1/3/2017
Primary Sponsor
Appropriations Committee
Click for details
AI Summary
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Appropriates $37,963,150 in special funds to the commissioner of university and school lands for the 2017-19 biennium, derived from state lands maintenance fund, strategic investment and improvements fund, and oil and gas impact grant fund.
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Funds allocated include $6,245,692 for salaries and wages, $1,775,723 for operating expenses, $5,520,000 for capital assets, and $24,100,000 for grants to airports impacted by oil and gas development.
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Authorizes the commissioner to transfer funds between appropriation line items with board approval and requires notification to the office of management and budget for each transfer made.
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Requires the board of university and school lands to distribute $305,872,002 from permanent funds to state institutions including common schools ($288,264,000), universities, correctional facilities, and other state agencies during the 2017-19 biennium.
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Makes one-time adjustments totaling $6,700 to state institution distributions to correct historic mineral revenue misallocations between permanent funds, with most institutions receiving $89,698 additions and the youth correctional center receiving a $621,186 reduction.
Legislative Description
A BILL for an Act to provide an appropriation for defraying the expenses of the commissioner of university and school lands; to provide for transfers; to provide for distributions from permanent funds; and to provide an exemption.
Last Action
Second reading, failed to pass, yeas 0 nays 45
1/27/2017