What is the status of HB1163?

Failed as of February 25, 2025. Latest action: Second reading, failed to pass, yeas 5 nays 84 (February 25, 2025).

Who sponsored HB1163?

Jim Jonas (R, 13), with 5 co-sponsors.

Where is the official record for HB1163?

On the North Dakota Legislature website: https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1163.html

North Dakota legislation · 69th Legislative Assembly

North Dakota HB1163: A BILL for an Act to create and enact a new section to chapter 15.1-36 of the North Dakota Century Code, relating to a legacy fund school construction assistance loan fund; to amend and reenact section 21-10-11, relating to the legacy and budget stabilization fund advisory board; and to provide a continuing appropriation.

Q: What is HB1163?

HB1163 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 15.1-36 of the North Dakota Century Code, relating to a legacy fund school construction assistance loan fund; to amend and reenact section 21-10-11, relating to the legacy and budget stabilization fund advisory board; and to provide a continuing appropriation.

Q: What does HB1163 do?

In its own words: A bill for an Act to create and enact a new section to chapter 15.1-36 of the North Dakota Century Code, relating to a legacy fund school construction assistance loan fund; to amend and reenact section 21-10-11, relating to the legacy and budget stabilization fund advisory board; and to provide a continuing appropriation.

Status: Failed, February 25, 2025

Relating to a legacy fund school construction assistance loan fund; to amend and reenact section 21‑10‑11, relating to the legacy and budget stabilization fund advisory board; and to provide a continuing appropriation.

What the bill says

A bill for an Act to create and enact a new section to chapter 15.1-36 of the North Dakota Century Code, relating to a legacy fund school construction assistance loan fund; to amend and reenact section 21-10-11, relating to the legacy and budget stabilization fund advisory board; and to provide a continuing appropriation.

From the introduced text, January 7, 2025:

A BILL for an Act to create and enact a new section to chapter 15.1-36 of the North Dakota Century Code, relating to a legacy fund school construction assistance loan fund; to amend and reenact section 21-10-11, relating to the legacy and budget stabilization fund advisory board; and to provide a continuing appropriation. BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: SECTION 1. A new section to chapter 15.1-36 of the North Dakota Century Code is created and enacted as follows: Legacy fund school construction assistance loan fund - Bank of North Dakota - School construction projects - Continuing appropriation . 1. The legacy fund school construction assistance loan fund is a special loan fund administered by the Bank of North Dakota. Moneys in the fund are appropriated on a continuing basis to the Bank of North Dakota for loan disbursements and administrative costs. The fund must be audited annually pursuant to section 6 - 09 - 29 , and the cost of the audit must be paid from the fund. 2. The Bank of North Dakota may adopt policies and establish guidelines to administer the legacy fund school construction assistance loan fund in accordance with this section. 3. The Bank of North Dakota shall transfer all payments of principal and interest paid on loans made from the …

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