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Legislative staff and Bank of North Dakota outline state water funding and loan programs
Summary
Committee staff and the Bank of North Dakota reviewed the web of funding sources for water projects — from the Resources Trust Fund and new cash‑management tools to multiple loan funds administered by the Bank of North Dakota and federal state revolving funds — and flagged a multibillion‑dollar gap between known needs and likely revenues.
Legislative staff and the Bank of North Dakota briefed the Water Topics Overview Committee on the state’s principal funding sources for water projects and the limits those sources impose on future investment.
Levi, Legislative Council staff, presented a background memorandum that summarized the principal funds and loan programs available for water projects. He said the Resources Trust Fund receives 20% of the oil extraction tax and that a 0.5% additional allocation to the Resources Trust Fund was added in past legislation to make up earlier shortfalls. Levi said estimated Resources Trust Fund revenue for the 2025–27 biennium was about $880,200,000 and estimated expenditures and transfers were about $878,000,000, leaving an estimated balance of about $1,800,000 at the end of the biennium. He outlined several other…
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