A BILL for an Act to provide for a transfer to the infrastructure revolving loan fund.
What changed between versions
Changed from creating a new jail improvement revolving loan fund to amending subdivision m of section 6-09-49 of the North Dakota Century Code regarding infrastructure revolving loan funds.
Added a $50,000,000 transfer from the strategic investment and improvements fund to the infrastructure revolving loan fund for the biennium beginning July 1, 2025, and ending June 30, 2027.
Restructured the bill to focus on correctional facilities within the existing infrastructure revolving loan fund rather than creating a separate committee and fund for jail improvements.
Removed provisions for creating a new jail facilities improvement committee with specific member composition, duties, and compensation.
Removed detailed provisions for loan eligibility criteria, prioritization systems, and specific loan terms that were part of the original jail improvement fund proposal.