Loading chat...

ND SB2230

Bill

Official Source

Status

Passed

4/20/2021

Primary Sponsor

Terry Wanzek

Click for details

Origin

Senate

67th Legislative Assembly

AI Summary

  • Amends section 6-09.7-05 of the North Dakota Century Code relating to the Bank of North Dakota's guarantee reserve fund
  • Increases the maximum transfer limit from the strategic investment and improvements fund from $50 million to $80 million
  • Transfers from the strategic investment and improvements fund may be used to maintain 100 percent of the guarantee reserve fund balance
  • Reserve fund moneys are available to reimburse lenders for guaranteed loans in default
  • Passed the Senate 47-0 and the House 81-10

Legislative Description

The use of the strategic investment and improvements fund.

Last Action

Signed by Governor 04/19

4/20/2021

Committee Referrals

Appropriations3/16/2021
Agriculture2/24/2021
Appropriations1/28/2021
Agriculture1/18/2021

Full Bill Text

No bill text available