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ND HB1487
Bill
Status
4/24/2025
Primary Sponsor
Matthew Ruby
Click for details
AI Summary
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Department of Transportation shall transfer approximately 1.25 acres of land in Ward County (Minot area) to the Office of Management and Budget, exempt from standard state property transfer requirements under sections 54-01-05.2 and 54-01-05.5
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Office of Management and Budget may borrow up to $5,600,000 through a line of credit from the Bank of North Dakota during the 2025-2027 biennium to construct a state facility in Minot
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The new facility will be leased to other state agencies, with interest rates capped at the prevailing rate for North Dakota governmental entities
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If the line of credit is used, OMB must request a deficiency appropriation from the 70th Legislative Assembly for repayment; funding may continue into the 2027-2029 biennium
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Declared an emergency measure; passed House 74-17 and Senate 47-0
Legislative Description
AN ACT to authorize the department of transportation to transfer real property to the office of management and budget; to provide an appropriation; to authorize a line of credit; to provide an exemption; and to declare an emergency.
Last Action
Filed with Secretary Of State 04/23
4/25/2025