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Appropriations subcommittee outlines $78.7M military gallery plan in State Historical Society budget; state share split between SIF and BND line of credit
Summary
The committee discussed House Bill 1018, which adds a $78.7 million military gallery project to the State Historical Society budget with a $40 million state contribution and $38.7 million in donations. The state portion is proposed to be split $20 million from the State Investment Fund and $20 million via a Bank of North Dakota line of credit.
Bismarck — Members of the House Appropriations — Education & Environment Division on Feb. 18 reviewed updates to the State Historical Society budget in House Bill 1018, focusing on a proposed $78.7 million expansion of the military gallery that pairs a $40,000,000 state contribution with $38,700,000 in expected private donations.
Why it matters: The military gallery expansion is the largest single change in the Historical Society long sheet and would draw substantial state investment, requiring decisions about financing that include SIF (State Investment Fund) resources and a Bank of North Dakota line of credit.
Representative Karla Rose Hansen, who presented the updated long sheet, described the three-part financial plan for the military gallery: “The total is $78,700,000. Of this, $40,000,000 will come from the state…
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