The North Dakota House adopted the conference committee report and passed Senate Bill 20-14, a multi-part budget for the Industrial Commission and several entities under its supervision, including the Bank of North Dakota, the Housing Finance Authority, the Department of Mineral Resources and the Mill and Elevator.

Representative Munson summarized conference committee actions: a $250,000 one‑time appropriation to the Bank of North Dakota for an economic study of western North Dakota; removal of three FTEs and $13.5 million tied to a rent stabilization program that had been moved from the human services budget; and language authorizing up to $5,000,000 in profits from the Bank of North Dakota for an interest-rate buydown on a Theodore Roosevelt Library construction line of credit. Munson said none of that $5,000,000 is for a new endowment and that no money has yet been borrowed on that line of credit.

The conference committee reduced the pipeline capacity program cap from $120,000,000 per biennium in the House version to $100,000,000, and the report requires that if a pipeline entity has not come forward by Dec. 30, 2026, $100,000,000 for the 2027-29 biennium will be withdrawn. Munson emphasized the committee’s view that the state’s potential participation would be as a customer buying capacity, not a developer subsidy, and that the state does not intend to remain a long-term pipeline owner but is seeking to move natural gas to eastern markets to preserve oil revenue.

Other conference committee actions included a $10,000,000 housing incentive fund allocation for homeless grants (with technical placement changes), a reduction of clean sustainable energy grant authority to zero (a $45,000,000 reduction returning funds to SIF), and several technical and report requirements. The floor discussion included questions from Representative Nelson about the pipeline exposure and the timeline for commitments; Munson answered that the $100,000,000 cap is the only state exposure proposed and that the Dec. 30, 2026 commitment deadline is intended to determine whether funds will be released in future biennia.

On final passage the clerk recorded the vote: 74 yeas and 15 nays. Senate Bill 20-14 was declared passed.