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North Dakota infrastructure gets $680M infusion as Gov. Doug Burgum signs bonding bill
The bonding bill will provide $435.5 million to Fargo-Moorhead flood diversion project, fulfilling the state s commitment to the ambitious endeavor. The massive package draws on earnings from the state s $8.3 billion oil tax savings account, known as the Legacy Fund, to pay back the bonds to investors in 20 years or fewer. Written By: Jeremy Turley | ×
Gov. Doug Burgum signs a $680 million bonding bill on Wednesday, April 21, 2021, at the North Dakota Capitol as legislative leaders and Secretary of State Al Jaeger look on. Jeremy Turley / Forum News Service
BISMARCK North Dakota Gov. Doug Burgum signed a massive $680 million bonding bill into law Wednesday, April 21, that he said will touch all of North Dakota by getting major water infrastructure projects off the state s books and freeing up funding for smaller communities.
North Dakota infrastructure gets $680M infusion, with hefty share for Fargo-Moorhead diversion
The bonding bill will provide $435.5 million to Fargo-Moorhead flood diversion project, fulfilling the state s commitment to the ambitious endeavor. The massive package draws on earnings from the state s $8.3 billion oil tax savings account, known as the Legacy Fund, to pay back the bonds to investors in 20 years or fewer. Written By: Jeremy Turley | ×
Gov. Doug Burgum signs a $680 million bonding bill on Wednesday, April 21, 2021, at the North Dakota Capitol as legislative leaders and Secretary of State Al Jaeger look on. Jeremy Turley / Forum News Service
BISMARCK North Dakota Gov. Doug Burgum signed a massive bonding bill into law Wednesday, April 21, ensuring the Fargo-Moorhead flood diversion project will move ahead at full steam.
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North Dakota lawmakers may be coming back to Bismarck this summer for a special session, dealing only with how to spend federal money coming from the America Recovers Act.
The state will be receiving more than $1 billion. The question is: How can the state spend those funds?
Senate Majority Leader Rich Wardner (R-Dickinson) said federal guidelines for where the money can be spent haven’t yet been released and likely won’t be before the regular session ends. Wardner said the plan is to have the House and Senate Appropriations Committees meet between the end of the regular session and a potential special session, to work on spending plans.
A previous version of the bill that included restrictions on K-12 transgender athletes in North Dakota was gutted earlier this session on the Senate floor. The amendment proposed Monday still needs approval from the full House and Senate to be incorporated into the bill.