North Dakota directs $50 million to clean energy grants and loans
During the 2025–2027 budget period, state law directs $50 million to a clean energy fund for grants, credit line repayment, and loans.
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What it does
State law directs $50 million to the clean energy fund during the 2025–2027 budget period: $10 million for grants and $40 million to repay a credit line and fund loans.
Argument forThe transfer could give clean energy projects more support through grants and loans, while also helping repay the fund’s credit line.
Argument againstIf the fund cannot repay its credit line, the commission may need to ask lawmakers for more money, or use other funds they approve.
More detail
The Office of Management and Budget transfers $50 million to the clean sustainable energy fund. The transfer comes from the strategic investment and improvements fund. The $40 million portion is for repaying the credit line and funding loans. The transfer must happen during the period from July 1, 2025, through June 30, 2027.
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