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State officials discuss cash-management options, bonding for Minot flood-protection work
Summary
Legislative staff reported House members are considering a Bank of North Dakota line of credit and other cash-management tools to smooth state contributions to flood-protection projects, with analysis of inflation scenarios under way.
Legislative staff briefed attendees on ongoing discussions about how the state could manage cash commitments for flood-protection projects, including the Minot flood-protection program.
Staff described House interest in mechanisms that would let the State Water Commission and Department of Water Resources use financing tools beyond one-time bonding, including a possible line of…
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