SB 2012 - Overview

Sponsors

Introduced by Senate Appropriations

Title

A BILL for an Act to provide an appropriation for defraying the expenses of the department of transportation; to create and enact a new section to chapter 54-27 of the North Dakota Century Code, relating to a legacy earnings fund; to amend and reenact section 6-09.4-10.1, subsection 1 of section 21-10-06, and sections 24-02-37.3, 24-02-40.1, 54-27-19, and 57-40.3-10, subsection 1 of section 57-43.1-02, subsection 1 of section 57-43.2-02, and section 57-51.1-07.5 of the North Dakota Century Code, relating to funds invested by the state investment board, the flexible transportation fund, highway revenue anticipation financing, the highway tax distribution fund, motor vehicle excise tax collections, motor fuels taxes, and the state share of oil and gas taxes; to repeal sections 21-10-12, 21-10-13, 54-27-19.3, and 54-27-19.4 of the North Dakota Century Code, relating to legacy fund definitions, a legacy earnings fund, the legacy earnings highway distribution fund, and legacy earnings township highway aid fund; to authorize bonding; to provide an effective date; and to provide an exemption.

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Last Official Action

Conference committee appointed Brandenburg Bosch Weisz