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Minot officials discuss state cash-management options to keep flood-protection projects on schedule
Summary
City and county staff told a legislative tracking meeting that inflation and cash-flow constraints are prompting House members to consider lending lines and other cash-management tools to preserve the Mine flood-protection schedule.
City and county staff told a Minot legislative tracking meeting on Feb. 4 that state and local discussions are underway about using new cash-management tools to keep the Mine flood-protection project on schedule amid inflation and contractor shortages.
The presenters said House members are examining whether the State Water Commission and the Department of Water Resources should be allowed to use a line of credit from the Bank of North Dakota instead of relying solely on bonding or cash. That option, they said, could let the state better manage allocated funds, reduce the need to hold large cash balances idle, and make longer-term contractor commitments more attractive.
Meeting participants said…
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