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ND HB1484

Bill

Status

Introduced

1/18/2021

Primary Sponsor

Cole Christensen

Click for details

Origin

House of Representatives

67th Legislative Assembly

AI Summary

  • Amends section 21-03-06 of the North Dakota Century Code to require a two-thirds vote of qualified county electors before bonds can be issued for county buildings and land acquisition.

  • Maintains existing debt limits for county bond purposes: 5% of taxable property value for buildings/land, 1% for bridges, and 4% for highways.

  • Preserves all existing bonding authority for counties, cities, school districts, townships, park districts, recreation service districts, and rural fire protection districts for specified capital projects.

  • Specifies eligible uses for municipal bonds including infrastructure (water, sewer, roads), public buildings, emergency equipment, parks, and flood control projects.

  • Establishes requirements for refunding bonds, including escrow deposit procedures and restrictions on eligible securities for investment.

Legislative Description

County bonding authority.

Last Action

Second reading, failed to pass, yeas 6 nays 87

2/23/2021

Committee Referrals

Political Subdivisions1/18/2021

Full Bill Text

No bill text available