AN ACT to amend and reenact section 15-10-64 of the North Dakota Century Code, relating to the sale of the Ray Richards golf course; to provide an appropriation; and to provide an effective date.

HB 1625 modifies North Dakota law to ensure proceeds from the sale of the Ray Richards golf course benefit the University of North Dakota (UND) men's varsity golf program. It requires that 53.57% of the sale price be directed to a permanent endowment fund managed by the UND Alumni Foundation, exclusively for the men's golf program. Additionally, the bill appropriates $4 million (from sale proceeds, donations, or local funds) for capital improvements to the golf course, valid through June 2027. This legislation directly affects UND's golf programs and any future buyers or sellers of the property.