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Panel approves amendment allowing Office of Administrative Hearings a $150,000 line of credit
Summary
The Appropriations - Human Resources Division subcommittee approved an amendment permitting the Office of Administrative Hearings to borrow up to $150,000 from the Bank of North Dakota and accepted the amended Senate version of Senate Bill 2017.
The Appropriations - Human Resources Division subcommittee approved an amendment to the Senate version of Senate Bill 2017 to permit the Office of Administrative Hearings to borrow up to $150,000 via a line of credit from the Bank of North Dakota and then accepted the amended Senate language.
The amendment specifies the Office of Administrative Hearings may borrow through a line of credit up to $150,000, that the interest rate may not exceed the prevailing interest rate charged to North Dakota government entities, and that the office shall repay the…
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