North Dakota legislation · 69th Legislative Assembly
North Dakota SB2342: AN ACT to amend and reenact section 4.1-01.1-07 of the North Dakota Century Code, relating to a value-added milk processing facility incentive program; and to authorize a Bank of North Dakota line of credit.
Status: Signed into law, May 2, 2025
Relating to a value-added milk processing facility incentive program; and to authorize a Bank of North Dakota line of credit.
What the bill says
An act to amend and reenact section 4.1-01.1-07 of the North Dakota Century Code, relating to a value-added milk processing facility incentive program; and to authorize a Bank of North Dakota line of credit.
From the enrolled text, April 25, 2025:
AN ACT to amend and reenact section 4.1-01.1-07 of the North Dakota Century Code, relating to a value-added milk processing facility incentive program; and to authorize a Bank of North Dakota line of credit. SECTION 1. AMENDMENT. Section 4.1-01.1-07 of the North Dakota Century Code is amended and reenacted as follows: 4.1-01.1-07. Agriculture diversification and development fund - Continuing appropriation. 1. There is created in the state treasury the agriculture diversification and development fund. The fund consists of all moneys transferred to the fund by the legislative assembly, interest upon moneys in the fund, and payments of interest and principal on loans made from the fund. Moneys in the fund are appropriated to the Bank of North Dakota on a continuing basis for loan disbursements and administrative costs pursuant to this section, and moneys in the fund are appropriated to the agriculture commissioner on a continuing basis for grants pursuant to this section and section 4.1-01-27. The agriculture diversification and development committee shall designate the amount available from the fund for loans, interest rate buydowns, and grants. 2. Loans, interest rate buydowns, or grants under subsections 3 and 4 may be issued from the fund to support new or expanding value-added agriculture businesses that demonstrate financial feasibility, enhance profitability for farmers and ranchers, create jobs, and grow the state's economy. …
Sponsors
- Paul Thomas (R, 6) · primary sponsor
- Mike Beltz (R, 20)
- David Hogue (R, 38)
- Greg Kessel (R, 39)
- Jerry Klein (R, 14)
Latest actions
- : Filed with Secretary Of State 04/30
- : Signed by Governor 04/29
- : Sent to Governor
- : Signed by President
- : Signed by Speaker
- : Second reading, passed, yeas 44 nays 3
- : Concurred
- : Returned to Senate (12)
- : Second reading, passed as amended, yeas 81 nays 11
- : Amendment adopted, placed on calendar
Votes
- Final Passage (April 22, 2025): 44 yea, 3 nay, passed
- Final Passage (April 21, 2025): 81 yea, 11 nay, passed
- Final Passage (February 21, 2025): 46 yea, 1 nay, passed
Common questions
- What is SB2342?
- SB2342 is a bill in the North Dakota Legislature (69th Legislative Assembly): AN ACT to amend and reenact section 4.1-01.1-07 of the North Dakota Century Code, relating to a value-added milk processing facility incentive program; and to authorize a Bank of North Dakota line of credit.
- What does SB2342 do?
- In its own words: An act to amend and reenact section 4.1-01.1-07 of the North Dakota Century Code, relating to a value-added milk processing facility incentive program; and to authorize a Bank of North Dakota line of credit.
- What is the status of SB2342?
- Signed into law as of May 2, 2025. Latest action: Filed with Secretary Of State 04/30 (May 2, 2025).
- Who sponsored SB2342?
- Paul Thomas (R, 6), with 4 co-sponsors.
- Where is the official record for SB2342?
- On the North Dakota Legislature website: https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo2342.html
Source: official North Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.