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House adopts water budget with $3.2 billion project plan and oversight panel
Summary
The House adopted the conference committee report on House Bill 10-20, a water budget that relies on oil-extraction tax cash and proposes an overview committee for major projects and federal funding for the Red River Valley water supply project.
The North Dakota House adopted the conference committee report on House Bill 10-20, a broad water budget the bill carrier described as a multi-year funding plan that relies primarily on oil-extraction tax cash rather than the general fund.
Representative Swantek, speaking for the conference committee, said the budget uses available cash balances tied to the constitutionally earmarked oil extraction tax (20.5%) to fund a 14-year plan covering approximately $3.2 billion in requests and obligations across priority projects. He told the House the proposal contains no general fund or State Investment Fund (SIF) money and…
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