Loading chat...
ND HB1546
Bill
Status
10/25/2023
Primary Sponsor
Legislative Management
Click for details
AI Summary
-
Establishes a fertilizer development incentive program with $125 million in funding to support hydrogen-based fertilizer production facilities in North Dakota.
-
Requires eligible facilities to be located within the state, owned by U.S. or Canadian entities, financed through the Bank of North Dakota, and use hydrogen produced by water electrolysis.
-
Provides for automatic loan forgiveness upon facility construction completion, with the authority using incentive funding to repay outstanding borrowed amounts certified by the Bank.
-
Applies retroactively to July 1, 2023 and becomes effective immediately upon filing with the secretary of state.
Legislative Description
The clean sustainable energy authority's fertilizer development incentive program; to provide for retroactive application; and to provide an effective date.
Last Action
Filed with Secretary Of State 10/25
10/30/2023