SB 2074 Summary

• Appropriates $213.76 billion total ($22.76 billion general fund, $190.99 billion special funds) to the Industrial Commission and agencies under its control for the 2017-19 biennium.

• Requires Bank of North Dakota to transfer $200 million to the general fund and allocate $25 million to various community expansion and loan funds during the biennium.

• Amends infrastructure revolving loan fund eligibility to include repair and maintenance of existing water/wastewater treatment plants, sewer and water lines, and storm water and transportation infrastructure.

• Changes North Dakota Mill and Elevator profit transfer to general fund from 50% to 90% and extends Housing Incentive Fund provisions through June 30, 2019 with priority for essential service worker housing.

• Modifies coal development fund allocation from 30% to 15% for the permanent trust fund and increases lignite research fund allocation from 5% to 15%, with $3 million appropriated from strategic investment fund for advanced energy technology.