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ND HB1545

Bill

Official Source

Status

Passed

10/25/2023

Primary Sponsor

Legislative Management

Click for details

Origin

House of Representatives

68th Legislative Assembly Special Session

AI Summary

  • Park districts may apply for loans from the infrastructure revolving loan fund under section 6-09-49 during the biennium of July 1, 2023 through June 30, 2025 to refinance outstanding loans for projects completed after March 31, 2022
  • Loans obtained under this exemption may also be used to pay outstanding balances of special assessments associated with the refinanced project
  • The act applies retroactively to July 1, 2023
  • The act becomes effective immediately upon filing with the secretary of state
  • House vote: 82 Yeas, 6 Nays, 6 Absent; Senate vote: 44 Yeas, 3 Nays, 0 Absent

Legislative Description

AN ACT to provide an exemption relating to refinancing loans from the infrastructure revolving loan fund; to provide for retroactive application; and to provide an effective date.

Last Action

Filed with Secretary Of State 10/25

10/30/2023

Committee Referrals

Policy Committee10/24/2023
Policy Committee10/24/2023
Policy Committee10/23/2023

Full Bill Text

No bill text available