North Dakota conveys a small parcel to its budget office, which may borrow up to $5.6 million for a Minot facility other state agencies can lease.
North Dakota conveys about one and one-quarter acres in Ward County to the Office of Management and Budget. Two state laws named in the act do not apply to the transfer.
The budget office may borrow up to $5.6 million for a Minot facility that other state agencies can lease. If it borrows, it must ask the next legislature for repayment money; the funding may continue into the following two-year period.
The state conveys the specified land to the Office of Management and Budget. The land is about one and one-quarter acres in Ward County, in the southwest corner of Outlot 20. Two state laws named in the bill do not apply to this transfer.
The Office of Management and Budget may borrow up to $5.6 million from the Bank of North Dakota to build a Minot facility for other state agencies to lease. The borrowed money is appropriated for construction of a facility in Minot to lease to other state agencies. The interest rate may not exceed the rate charged to North Dakota government entities. If the office uses the credit line, it must ask the next Legislative Assembly for money to repay it. The funding is a one-time item, is exempt from a state funding law named in the act, and may continue into the next two-year period. The office may borrow during the two-year period from July 1, 2025, through June 30, 2027. The funding may continue into the period from July 1, 2027, through June 30, 2029.
No hearings or votes scheduled.