ND SB2403

Creates a new medical facility emergency operating loan program through the Bank of North Dakota for local nonprofit hospitals in cities with populations under 2,500

Emergency operating loans capped at $5 million per applicant with interest rates not exceeding 2% and maximum 11-year terms, with the first year eligible for interest-only payments

Applications must be submitted by March 31, 2026 and include financial information, an updated operating plan, and cash flow projections demonstrating feasibility after restructuring

Appropriates $5 million from the general fund to the medical facility infrastructure loan fund as one-time funding through June 30, 2027

Program provisions expire June 30, 2037; passed Senate 46-0 and House 80-12