A BILL for an Act to provide for a transfer to the infrastructure revolving loan fund.
Summary
HB 1213 would direct the Office of Management and Budget to transfer $20 million from the Strategic Investment and Improvements Fund to the Infrastructure Revolving Loan Fund during the 2025-2027 biennium. The bill is a straightforward funding measure and does not create a new program or change eligibility rules; instead, it reallocates existing state money to support the revolving loan fund used for infrastructure financing.
By moving money into the Infrastructure Revolving Loan Fund, the bill would increase the resources available for loans tied to infrastructure projects, potentially improving the state’s ability to finance local or statewide infrastructure needs. The measure affects state fiscal management and the operation of the revolving loan fund, but it does not amend substantive regulatory statutes beyond authorizing the transfer.
Impact
The bill would require the Office of Management and Budget to make a one-time $20 million transfer from the Strategic Investment and Improvements Fund to the Infrastructure Revolving Loan Fund in the 2025-2027 biennium. Its practical effect would be to increase capital available for infrastructure lending, which could benefit public infrastructure borrowers and project sponsors that rely on the revolving loan fund. The bill does not appear to alter the underlying structure of the fund or impose new statutory requirements on recipients.
Sentiment
The bill appears to have had mixed legislative support. It passed the House on second reading by a wide margin on February 11, but a later House second-reading vote on February 25 was closer, and the bill ultimately failed in the Senate on March 27 by a 20-27 vote. That pattern suggests the concept of funding infrastructure was broadly understood, but not enough consensus existed to secure final passage.
Contention
The main point of contention appears to have been whether transferring $20 million from the Strategic Investment and Improvements Fund was the best use of those dollars. Supporters likely viewed the transfer as a practical way to strengthen infrastructure financing, while opponents in the Senate may have questioned the size of the transfer, the source fund, or competing priorities for state dollars. Because there were no committee transcripts provided, the specific arguments are not documented here, but the final Senate vote indicates the funding decision itself was the central issue.
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AN ACT to provide an appropriation to the department of health and human services for federal rural health transformation program grant funds; to provide an appropriation to the Bank of North Dakota to administer a loan program; to provide for a transfer; to amend and reenact section 6-09-47 of the North Dakota Century Code, relating to a rural health loan program under the medical facility infrastructure loan fund; to provide an exemption; to provide for a legislative management report; to provide for application; to provide a report; and to provide an effective date.
AN ACT to provide an appropriation to the department of health and human services for federal rural health transformation program grant funds; to provide an appropriation to the Bank of North Dakota to administer a loan program; to provide for a transfer; to amend and reenact section 6-09-47 of the North Dakota Century Code, relating to a rural health loan program under the medical facility infrastructure loan fund; to provide an exemption; to provide for a legislative management report; to provide for application; to provide a report; and to provide an effective date.