North Dakota legislation · 69th Legislative Assembly
North Dakota HB1128: A BILL for an Act to create and enact a new section to chapter 6-09 of the North Dakota Century Code, relating to a higher education infrastructure revolving loan fund; to provide an appropriation; to provide a transfer; and to provide for a legislative management report.
Status: Failed, February 11, 2025
Relating to a higher education infrastructure revolving loan fund; to provide an appropriation; to provide a transfer; and to provide for a legislative management report.
What the bill says
A bill for an Act to create and enact a new section to chapter 6-09 of the North Dakota Century Code, relating to a higher education infrastructure revolving loan fund; to provide an appropriation; to provide a transfer; and to provide for a legislative management report.
From the engrossed text, February 6, 2025:
A BILL for an Act to create and enact a new section to chapter 6-09 of the North Dakota Century Code, relating to a higher education infrastructure revolving loan fund; to provide an appropriation; to provide a transfer; and to provide for a legislative management report. BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: SECTION 1. A new section to chapter 6-09 of the North Dakota Century Code is created and enacted as follows: Higher education infrastructure revolving loan fund - Continuing appropriation. 1. The higher education infrastructure revolving loan fund is a special fund in the state treasury from which the Bank of North Dakota shall provide loans to institutions under the control of the state board of higher education for auxiliary enterprise infrastructure projects. The Bank shall administer the higher education infrastructure revolving loan fund. The maximum term of a loan made under this section is the lesser of twenty years or the useful life of the project. A loan made from the fund under this section must have an interest rate that does not exceed three and one - half percent per year . 2. For purposes of this section, "auxiliary enterprise infrastructure projects" means capital construction projects to construct new infrastructure or replace or renovate existing infrastructure, for student housing, student dining, and centralized …
Sponsors
- David Richter (R, 1) · primary sponsor
- Mark Sanford (R, 17)
- Jonathan Sickler (R, 17)
- Ronald Sorvaag (R, 45)
- Steve Swiontek (R, 10)
Latest actions
- : Second reading, failed to pass, yeas 0 nays 91
- : Reported back, do not pass, placed on consent calendar 22 0 1
- : Rereferred to Appropriations
- : Amendment adopted
- : Reported back amended, do pass, amendment placed on calendar 8 6 0
- : Committee Hearing 02:30
- : Introduced, first reading, referred Education Committee
Votes
- Final Passage (February 11, 2025): 0 yea, 91 nay, failed
Common questions
- What is HB1128?
- HB1128 is a bill in the North Dakota Legislature (69th Legislative Assembly): A BILL for an Act to create and enact a new section to chapter 6-09 of the North Dakota Century Code, relating to a higher education infrastructure revolving loan fund; to provide an appropriation; to provide a transfer; and to provide for a legislative management report.
- What does HB1128 do?
- In its own words: A bill for an Act to create and enact a new section to chapter 6-09 of the North Dakota Century Code, relating to a higher education infrastructure revolving loan fund; to provide an appropriation; to provide a transfer; and to provide for a legislative management report.
- What is the status of HB1128?
- Failed as of February 11, 2025. Latest action: Second reading, failed to pass, yeas 0 nays 91 (February 11, 2025).
- Who sponsored HB1128?
- David Richter (R, 1), with 4 co-sponsors.
- Where is the official record for HB1128?
- On the North Dakota Legislature website: https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1128.html
Source: official North Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.