HB 1003 Summary

• Appropriates $3.285 billion to the North Dakota university system for the 2023-25 biennium, including $849.2 million in general fund support for operations, capital projects, and student financial assistance.

• Establishes an economic diversification research fund with $5.5 million from the Bank of North Dakota to provide grants to higher education institutions for research promoting innovation, job creation, and economic development across the state.

• Increases matching grant maximums for universities: UND and NDSU from $1.7 million to $2.7 million each, and creates new $2.2 million matching grants for agricultural research and extension at NDSU.

• Freezes resident student tuition rates at 2023 spring semester levels for 2023-24 and 2024-25 academic years, with limited exceptions for high-cost and graduate programs (up to 1% increase allowed).

• Authorizes a two-phase Mayville State University old main renovation project with up to $34.9 million in borrowing from the Bank of North Dakota, contingent on future legislative funding approval.