The North Dakota Legislature's Conference Committee convened on April 29, 2025, to discuss key amendments to HB 1619, focusing on the terms of a proposed loan program. Central to the meeting was the repayment schedule for loans, with members debating whether the current 30-year term is practical for smaller projects.

Concerns were raised regarding the feasibility of a 30-year repayment term for loans as small as $500,000 to $1,000,000, especially in light of a potential $15 million grant. Some committee members suggested that a shorter repayment period, such as 20 years, might be more appropriate. This discussion highlighted the need for clarity on the loan amounts and repayment terms, particularly in relation to the nursing home projects that had previously caused confusion.

Another significant point of discussion was the proposed amendment to increase the interest rate from 1% to 2% for loans related to infrastructure. Members expressed differing opinions on the impact of this change, with some arguing that a lower interest rate could lead to potential earnings loss if funds were not invested elsewhere.

The committee also considered whether to adjust the total loan amount from $15 million to $10 million, reflecting ongoing discussions about the program's scope and effectiveness.

As the meeting progressed, members agreed to further explore these topics, aiming to reach a consensus on the most effective structure for the loan program. The outcomes of these discussions will play a crucial role in shaping the future of infrastructure funding in North Dakota.