AN ACT to provide an appropriation for defraying the expenses of the department of transportation; to create and enact a new section to chapter 24-02 and a new section to chapter 54-27 of the North Dakota Century Code, relating to rail passenger authority agreements and a legacy earnings fund; to amend and reenact section 6-09.4-10.1, subsection 1 of section 21-10-06, and sections 24-02-37.3, 54-27-19, and 57-40.3-10, section 57-51.1-07.5 as amended by Senate Bill No. 2323 as approved by the sixty-ninth legislative assembly, and sections 57-51.1-07.7 and 57-51.1-07.8 of the North Dakota Century Code, relating to funds invested by the state investment board, the flexible transportation fund, the highway tax distribution fund, motor vehicle excise tax collections, the state share of oil and gas taxes, the municipal infrastructure fund, and the county and township infrastructure fund; to repeal sections 21-10-12, 21-10-13, 54-27-19.3, and 54-27-19.4 of the North Dakota Century Code, relating to legacy fund definitions, a legacy earnings fund, the legacy earnings highway distribution fund, and legacy earnings township highway aid fund; to provide for a legislative management report; to provide for application; to provide an effective date; and to provide an exemption.
What changed between versions
Increased the New and Vacant FTE pool funding from $13,364,077 to $13,576,477 and adjusted Capital assets and Grants line items.
Changed one-time funding description from specific projects like 'United States highway 85 project' to a broader 'Highway projects' category totaling $287,100,000.
Added new funding sources including $40,000,000 from the Municipal Infrastructure Fund and $40,000,000 from the County and Township Infrastructure Fund.
Added a new section requiring a $142,500,000 transfer from the Strategic Investment and Improvements Fund to the Flexible Transportation Fund.
Updated the list of funds the State Investment Board must invest to include the Highway Tax Distribution Fund, Municipal Infrastructure Fund, and County/Township Infrastructure Fund.
Removed references to the Legacy Earnings Highway Distribution Fund and Legacy Earnings Township Highway Aid Fund from the list of funds to be repealed.
Changed the section number for the Legacy Sinking and Interest Fund from 21-10-1310 to 21-10-1313.
Updated the effective date session information from 'FIRST ENGROSSED' to 'In Regular Session Commencing Tuesday, January 7, 2025'.