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ND SB2179

Bill

Official Source

Status

Introduced

1/11/2017

Primary Sponsor

Brad Bekkedahl

Click for details

Origin

Senate

65th Legislative Assembly

AI Summary

  • Amends North Dakota Century Code section 6-09-49 to expand eligible uses for infrastructure revolving loans administered by the Bank of North Dakota
  • Adds new airports and existing airport infrastructure improvements at airports with scheduled air service operations to the list of eligible infrastructure projects
  • Maintains existing eligible uses including new water and wastewater treatment plants, sewer and water lines, and storm water and transportation infrastructure
  • Keeps loan terms at maximum 30 years with interest rates not exceeding 2 percent per year and maximum loan amounts of $15 million per political subdivision applicant
  • Authorizes the Bank to adopt policies establishing loan priorities, applicant qualifications, and timelines for loan draws

Legislative Description

Eligible uses for infrastructure revolving loan funds.

Last Action

Second reading, failed to pass, yeas 16 nays 28

1/23/2017

Committee Referrals

Political Subdivisions1/11/2017

Full Bill Text

No bill text available