The North Dakota Senate Appropriations Committee convened on March 28, 2025, to discuss significant amendments to the state's infrastructure funding. A key focus of the meeting was an amendment that would increase the accessibility of funds for infrastructure projects from $150 million to $200 million. This change aims to ensure that local political subdivisions can access necessary financial resources for various projects.

The proposed amendment would allow the Bank of North Dakota to utilize an additional $50 million from the Legacy Fund for infrastructure loans. This funding is intended to support local projects, such as roads and sewer systems, at a low interest rate of around 2%. If the amendment passes, it would provide up to $44 million in the upcoming biennium for infrastructure loans, with the potential for further access to funds if needed.

During the meeting, Senator Davidson emphasized the importance of having these resources available to meet the needs of local communities. The committee discussed procedural aspects of the amendment, ensuring clarity on the voting process and the implications of the proposed changes.

Kelvin Hollett, Chief Business Development Officer for the Bank of North Dakota, explained that the amendment aligns with the state's strategy to invest in local projects through the Legacy Fund. He noted that the fund has already supported approximately $92 million in loans for various community projects.

The committee ultimately moved to pass the amended bill, reflecting a commitment to enhancing infrastructure funding and supporting local development initiatives across North Dakota. The next steps will involve further discussions and votes in the legislative process to finalize the funding allocations.