AN ACT to create and enact a new section to chapter 57-39.2 of the North Dakota Century Code, relating to an animal agriculture facility infrastructure fund; to amend and reenact subsection 9 of section 11-23-02 and section 57-39.2-26 of the North Dakota Century Code, relating to county budget limits and the allocation of sales tax revenue; to provide a continuing appropriation; and to provide an expiration date.
What changed between versions
Created a new Animal Agriculture Facility Infrastructure Fund in the state treasury to distribute sales tax revenue to counties for infrastructure projects.
Set a $500,000 annual cap on distributions from the new fund, with pro-rata distribution if the total exceeds this amount.
Established eligibility criteria requiring documentation of at least $300,000 in qualifying purchases during the calendar year to receive funding.
Defined 'animal agriculture facility' as a building or structure where animals are kept, handled, housed, or bred.
Added documentation requirements with a March 31 deadline for submitting proof of purchases to the tax commissioner.
Set the program expiration date as June 30, 2029, with different effective dates for revenue allocation rules.
Amended existing budget rules to allow infrastructure development fund cash reserves to exceed the standard 75% limit.