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Appropriations Committee approves Industrial Commission budget, moves $140 million in Bank transfers and housing funds
Summary
The committee approved Senate Bill 2014 as amended, clearing funding and policy changes for the Industrial Commission, Bank of North Dakota and related programs including $25 million for secondary oil-recovery grants, expanded housing incentive funding and policy changes for Bank confidentiality and loan-flex authority.
The Appropriations Committee voted to give a due-pass recommendation on Senate Bill 2014 as amended, approving budgets and policy provisions affecting the Industrial Commission, the Bank of North Dakota, the Housing Finance Agency and several state programs.
Senator Shibley presented the bill and the committee adopted multiple section-level changes. The committee's package approves staffing additions across several entities, new grant and program funding, and two policy changes requested by the Bank of North Dakota around loan confidentiality and expanded flexibility for certain loan buy-downs. A committee roll call recorded a final due-pass vote of 15-0 with one senator excused from voting (Senator Dwyer declared a conflict and was excused from voting on this budget item).
Major budget and program items…
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