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House panel backs $30 million completion-grant line for proposed value-added egg facility
Summary
The House Appropriations Committee approved an amendment and gave House Bill 13-32 a do-pass recommendation after creating a mechanism to make state incentive payments to a proposed large egg‑processing facility as completion grants funded through a $30 million Bank of North Dakota line of credit.
The House Appropriations Committee approved an amendment and voted to give House Bill 13-32 a do-pass recommendation after discussion about a proposed value‑added egg production facility in eastern North Dakota.
Representative Jared Haggart, sponsor of HB13-32, told the committee the bill “focuses on large value added egg facility, incentive fundings” and would set up a state program to award grants to large egg production facilities and direct $30,000,000 to the Agriculture Development Diversification Fund.
The measure passed with an amendment that directs the Agricultural Commissioner to use a Bank of North Dakota (BND) line of credit to make completion grants rather than paying the state cash up front. Kelvin Hull, chief business development officer at BND, said the approach is intended to make incentives contingent on project completion: “...what we call it completion…
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