All Roll Calls
Yes: 139 • No: 0
North DakotaSB 21492025 Regular SessionSenateWALLET
AN ACT to amend and reenact section 15.1-36-08 of the North Dakota Century Code, relating to the school construction assistance revolving loan fund; and to declare an emergency.
Sponsored By: Donald Schaible (Republican)
Became Law
Your PRIA Score
Score Hidden
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
4 provisions identified: 1 benefits, 0 costs, 3 mixed.
Low-interest 20-year school building loans
Approved loans have an interest rate no higher than 2% and a term up to 20 years. For projects under $75 million, the max loan is $15 million, or 80% of cost up to $12 million if the district’s unobligated general fund balance exceeded the statutory limit. For projects $75 million or more, the max is $30 million, or 80% up to $24 million under the same rule. For Air Force base projects, the max loan is the lesser of 20% of cost or $20 million. Districts with callable open‑market bonds can apply to refinance. Districts previously approved for up to $10 million for projects bid Jan 1, 2021–June 30, 2024 could apply for extra funds up to the new caps, but only by Aug 1, 2023.
$20 million reserved for base projects
The superintendent sets aside $20 million in the loan fund to match loans for facilities on an Air Force base. This reservation lasts until June 30, 2027, or until such a loan is made, whichever comes first.
How districts qualify and get priority
School districts can apply only for projects that cost at least $1,000,000 and are built to be used 30 years or more. The superintendent must approve the project. Districts must publish the expected mill rate and the dollar change per $1,000 of taxable value, post it on the district website, and win a bond vote. Projects on an Air Force base also need needed federal approvals and funding commitments. The superintendent ranks applications filed in the 12 months before April 1 using student need, building age, safety and vulnerability design, community support, cost, and other set criteria.
State loan fund for school buildings
The law creates a special revolving loan fund for K–12 school buildings, run by the Bank of North Dakota. The fund holds legislative money, interest earnings, and loan repayments. The Bank can set program policies and charge up to 0.5% of each interest payment as a servicing fee. All principal and interest payments go back into the fund, which is audited each year. Money in the fund is available on a continuing basis to make loans and pay program costs.
Sponsors & Cosponsors
Sponsor
Donald Schaible
Republican • Senate
Cosponsors
Scott Louser
Republican • House
Mark Sanford
Republican • House
Claire Cory
Republican • Senate
Scott Meyer
Republican • Senate
Roll Call Votes
House vote • 3/19/2025
Second reading, passed, yeas 93 nays 0, Emergency clause carried
Yes: 93 • No: 0
Senate vote • 2/3/2025
Second reading, passed, yeas 46 nays 0, Emergency clause carried
Yes: 46 • No: 0
Actions Timeline
Filed with Secretary Of State 03/25
3/26/2025HouseSigned by Governor 03/24
3/24/2025SenateSent to Governor
3/21/2025SenateSigned by President
3/21/2025SenateSigned by Speaker
3/20/2025HouseReturned to Senate
3/20/2025SenateSecond reading, passed, yeas 93 nays 0, Emergency clause carried
3/19/2025HouseReported back, do pass, place on calendar 14 0 0
3/18/2025HouseCommittee Hearing 10:00
3/11/2025HouseIntroduced, first reading, (emergency), referred Education Committee
2/18/2025HouseReceived from Senate
2/4/2025HouseSecond reading, passed, yeas 46 nays 0, Emergency clause carried
2/3/2025SenateAmendment adopted, placed on calendar
1/31/2025SenateReported back amended, do pass, amendment placed on calendar 6 0 0
1/30/2025SenateCommittee Hearing 02:00
1/22/2025SenateIntroduced, first reading, referred Education Committee
1/7/2025Senate
Bill Text
Adopted by the Senate Education Committee
Enrollment
FIRST ENGROSSMENT
INTRODUCED
Related Bills
HB 1022 — AN ACT to provide an appropriation for defraying the expenses of the retirement and investment office.
SB 2018 — AN ACT to provide an appropriation for defraying the expenses of the department of commerce; to provide an appropriation to the attorney general; to provide an appropriation to the department of career and technical education; to provide an appropriation to the state fair association; to provide a contingent appropriation; to create and enact a new section to chapter 54-60 of the North Dakota Century Code, relating to department of commerce grant reporting requirements; to amend and reenact subsection 1 of section 10-30.5-02, sections 54-60-09, 54-60-19, 54-60-28, 54-60-29, 54-60-29.1, and 54-60-31 of the North Dakota Century Code, relating to the purpose of the North Dakota development fund, duties and talent strategy of the division of workforce development, the uncrewed aircraft systems program, the uncrewed aircraft systems program fund, the beyond visual line of sight uncrewed aircraft system program, and changing the name of the office of legal immigration to the global talent office; to authorize a Bank of North Dakota line of credit; to provide for a transfer; to provide an application; to provide an exemption; and to provide for a legislative management report.
SB 2323 — AN ACT to amend and reenact sections 57-51-15 and 57-51.1-07.5 of the North Dakota Century Code, relating to oil and gas gross production tax allocations and the state share of oil and gas tax allocations; to provide for a legislative management report; to provide an exemption; and to provide an effective date.
SB 2390 — AN ACT to create and enact three new sections to chapter 54-40.1 of the North Dakota Century Code, relating to a rural catalyst committee, grant program, and fund; to amend and reenact section 54-40.1-02 of the North Dakota Century Code, relating to definitions for regional planning councils; to provide an appropriation; and to provide for a transfer.
SB 2397 — AN ACT to create and enact a new subsection to section 57-51.1-03 of the North Dakota Century Code, relating to a limited exemption for development incentive wells; to amend and reenact sections 57-51-02.6, 57-51-05, and 57-51.1-01 of the North Dakota Century Code, relating to the temporary exemption for oil and gas wells employing a system to avoid flaring, an exemption from gross production tax for gas produced from certain enhanced oil recovery projects, and the definition of development incentive well; to provide an effective date; and to provide an expiration date.
SB 2370 — AN ACT to provide for a legislative management study regarding prescription drug transparency reporting under the federal drug discount program.