Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House passes incentives for value-added milk processing and Bank of North Dakota credit line
Summary
Senate Bill 23-42 passed the House to create a value-added milk processing facility incentive program and a Bank of North Dakota line of credit, including a grant structure and post-payment requirements tied to validated processing capacity.
The North Dakota House passed Senate Bill 23-42, establishing a value-added milk processing facility incentive program and authorizing a line of credit from the Bank of North Dakota to support loans, interest-rate buy-downs and grants for new or expanding milk processing facilities.
Representative Brandenburg, explaining the bill on the floor, said the proposal creates an Agriculture Diversification Development Fund to provide loans, interest-rate buy-downs and grants to financially feasible value-added agricultural businesses. "The agricultural…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
