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Bank of North Dakota seeks extension of Clean Sustainable Energy Fund line of credit; bill would add water director to advisory panel
Summary
Senate Bill 2188 would extend the Clean Sustainable Energy Fund line of credit and add the Department of Water Resources director to the fund’s advisory panel; Bank of North Dakota staff said the line currently carries about $60 million in drawn loans and the bill would push the maturity out to preserve loan commitments.
The Appropriations - Education and Environment Division considered Senate Bill 2188, which would extend and expand financing authorities for the Clean Sustainable Energy Fund and add an advisory seat for the Department of Water Resources director.
Kylie Merkel of the Bank of North Dakota explained an amendment to extend the fund’s line of credit. “The balance on the line of credit is about 60,000,000. The total line of…
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