North Dakota legislation · 69th Legislative Assembly
North Dakota SB2212: A BILL for an Act to amend and reenact sections 15-54.1-01, 15-54.1-02, 15-54.1-03, and 15-54.1-04 of the North Dakota Century Code, relating to the university system capital building fund; to repeal section 15-54.1-05 of the North Dakota Century Code, relating to the university system capital building fund pool; to provide for a transfer; and to provide legislative intent.
Status: Failed, February 14, 2025
Relating to the university system capital building fund; to repeal section 15‑54.1‑05 of the North Dakota Century Code, relating to the university system capital building fund pool; to provide for a transfer; and to provide legislative intent.
What the bill says
A bill for an Act to amend and reenact sections 15-54.1-01, 15-54.1-02, 15-54.1-03, and 15-54.1-04 of the North Dakota Century Code, relating to the university system capital building fund; to repeal section 15-54.1-05 of the North Dakota Century Code, relating to the university system capital building fund pool; to provide for a transfer; and to provide legislative intent.
From the introduced text, January 15, 2025:
A BILL for an Act to amend and reenact sections 15-54.1-01, 15-54.1-02, 15-54.1-03, and 15-54.1-04 of the North Dakota Century Code, relating to the university system capital building fund; to repeal section 15-54.1-05 of the North Dakota Century Code, relating to the university system capital building fund pool; to provide for a transfer; and to provide legislative intent. BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: SECTION 1. AMENDMENT. Section 15-54.1-01 of the North Dakota Century Code is amended and reenacted as follows: 15-54.1-01. University system capital building fund - Creation - Continuing appropriation. There is created in the state treasury the university system capital building fund. The university system capital building fund consists of moneys transferred to the fund and any interest and earnings of the fund. The state board of higher education may provide for the fund to be invested under the supervision of the state investment board. Moneys in the fund are appropriated to the state board of higher education on a continuing basis for allocations to the institutions under the control of the state board of higher education for capital projects as directed by the legislative assembly and in accordance with this chapter. Any interest or earnings of the fund must be allocated to the capital building fund pool tier II for each institution …