N.D. Cent. Code § 61-02-79

Current through 2024 Legislative Session

Section 61-02-79 - Bank of North Dakota - Line of credit

The Bank of North Dakota shall extend a line of credit not to exceed one hundred million dollars at the prevailing interest rate charged to North Dakota government entities. The department of water resources shall repay the line of credit from funds available in the resources trust fund or other funds, as appropriated by the legislative assembly. The department of water resources may access the line of credit, as necessary, to provide up to fifty million dollars for the northwest area water supply project and up to fifty million dollars for the southwest pipeline project during the biennium beginning July 1, 2023, and ending June 30, 2025.

N.D.C.C. § 61-02-79

Amended by S.L. 2023, ch. 52 (SB 2020),§ 11, eff. 5/9/2023.

Amended by S.L. 2021 , ch. 20( HB 1020 ), § 7, eff. 4/28/2021.

Amended by S.L. 2019 , ch. 40( SB 2015 ), § 37, eff. 7/1/2019.

Amended by S.L. 2019 , ch. 45( SB 2020 ), § 17, eff. 5/2/2019.

Amended by S.L. 2017 , ch. 19( HB 1020 ), § 20, eff. 7/1/2017.

Added by S.L. 2015 , ch. 54( SB 2020 ), § 32, eff. 7/1/2015.