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Committee zeroes new infusion to school construction loan fund, moves to change loan tiers and seek alternate funding for Grand Forks project
Summary
Committee members agreed to zero out a planned transfer into the school construction revolving loan fund and to lower maximum loan tiers so the existing fund can assist more projects without a new infusion.
Committee members on the conference committee for House Bill 13 69 agreed to remove a planned infusion into the common school construction revolving loan fund for the current biennium and to lower maximum loan tiers so the existing fund can assist more projects without new appropriations.
Representative Richter moved to "0 out the sum on line 23 page 15 and then reduce the tiers funding from, 30,000,000 to 20,000,000 and from 15,000,000 to 10,000,000." The motion was seconded and approved by roll call.
Several lawmakers explained the rationale. Representative Vickers said leaders…
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