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Committee pauses action on NDSU Research Park grant; lawmakers debate one-time funding and matching requirements
Summary
Discussion of Senate Bill 2256 focused on a proposed $7.5 million state grant paired with a two-for-one match to generate $15 million from the NDSU Research Park. Lawmakers raised concerns about whether the appropriation should be explicitly 'one time' and about continuing-appropriation and line-of-credit language; a motion on the bill was later
Legislative discussion on Senate Bill 2256, proposing a state grant tied to a matching requirement for the NDSU Research Park, focused on funding structure, whether the appropriation should be explicitly labeled "one time," and how continuing-appropriation and line-of-credit language would affect release of funds.
Under the proposal discussed in committee, the state would provide a $7.5 million grant and the park would be required to raise $15,000,000, structured as a two-for-one match for the second $7.5 million. Committee members and…
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