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ND HB1499

Bill

Status

Engrossed

2/13/2023

Primary Sponsor

Shannon Roers Jones

Click for details

Origin

House of Representatives

68th Legislative Assembly

AI Summary

  • Legislative management shall study the feasibility and desirability of creating an interest rate buydown program at the Bank of North Dakota during the 2023-24 interim.

  • Program would be designed for North Dakota homeowners with a primary residence mortgage.

  • Study shall examine the potential impact of the program on workforce development and increasing access to home ownership.

  • Legislative management must report findings, recommendations, and any necessary implementing legislation to the sixty-ninth legislative assembly.

Legislative Description

A BILL for an Act to provide for a legislative management study relating to an interest rate buydown program for homeowners with a primary residence mortgage.

Last Action

Second reading, failed to pass, yeas 13 nays 34

3/23/2023

Committee Referrals

Industry and Business2/15/2023
Industry, Business and Labor1/18/2023

Full Bill Text

No bill text available