SB2272 — AN ACT to create and enact a new section to chapter 54‑27 of the North Dakota Century Code, relating to definitions for the foundation aid stabilization fund; to amend and reenact sections 15.1‑36‑01, 15.1‑36‑02, 15.1‑36‑06, and 15.1‑36‑08, subsection 7 of section 21‑03‑07, section 54‑44.1‑12, and subsection 1 of section 57‑62‑02 of the North Dakota Century Code, relating to school construction loans from the coal development trust fund and the school construction assistance revolving loan fund, control of the rate of expenditures, and the transfer of interest from the coal development trust fund; to repeal sections 9 and 10 of chapter 153 of the 2015 Session Laws and sections 15‑10‑60, 15.1‑27‑46, 15.1‑36‑02.1, 15.1‑36‑03, 15.1‑36‑06, and 15.1‑36‑07 of the North Dakota Century Code, relating to the scholarship endowment fund, the uses of the foundation aid stabilization fund, and school construction loans; to provide an expiration date; to provide contingent transfers; to provide transfers; to provide an appropriation; to provide an effective date; and to declare an emergency.

SB2272 — AN ACT to create and enact a new section to chapter 54‑27 of the North Dakota Century Code, relating to definitions for the foundation aid stabilization fund; to amend and reenact sections 15.1‑36‑01, 15.1‑36‑02, 15.1‑36‑06, and 15.1‑36‑08, subsection 7 of section 21‑03‑07, section 54‑44.1‑12, and subsection 1 of section 57‑62‑02 of the North Dakota Century Code, relating to school construction loans from the coal development trust fund and the school construction assistance revolving loan fund, control of the rate of expenditures, and the transfer of interest from the coal development trust fund; to repeal sections 9 and 10 of chapter 153 of the 2015 Session Laws and sections 15‑10‑60, 15.1‑27‑46, 15.1‑36‑02.1, 15.1‑36‑03, 15.1‑36‑06, and 15.1‑36‑07 of the North Dakota Century Code, relating to the scholarship endowment fund, the uses of the foundation aid stabilization fund, and school construction loans; to provide an expiration date; to provide contingent transfers; to provide transfers; to provide an appropriation; to provide an effective date; and to declare an emergency. · Informed CitizenrySB2272 amends several sections of the North Dakota Century Code to modify school construction loan procedures, fund management, and spending rules. The bill updates the requirements for school dist…Open in Informed Citizenry