ND SB2165

Eliminates the 50% and 45% ending fund balance carry-over limitations that previously applied to school districts for taxable years beginning after December 31, 2003.

Removes the limitation amount language from school construction loan provisions, allowing districts to reference only the unobligated general fund balance threshold under section 15.1-27-35.3 rather than a specific percentage cap.

Modifies state aid deduction calculations to reduce thresholds from 40% to 35% of actual expenditures plus $50,000 for general payments, effective July 1, 2023.

Provides up to two years of payment relief for eligible school districts in cooperative agreements considering reorganization under chapter 15.1-12, allowing them to retain up to 35% of expenditures plus $100,000 in unobligated general fund balance.

Declares the measure an emergency law; passed the Senate 47-0 and House 85-8.