The North Dakota Legislature directs Bank of North Dakota to administer loan programs that allow city and county entities along with public school districts and private business identified as a high need to receive interest buydown loans that saves taxpayer dollars. These loans assist with infrastructure needs, school construction, medical facilities, water projects, the LIFT fund, Western Area Water Supply Project (WAWSP), State Water Resources Trust Fund, Agriculture Diversification and Development Fund and Addiction Counselor Internships.
BND works with the Legislature to determine the portion of the earnings dividend that is designated to the General Fund. As of December 31, 2022, BND has returned $2.4 billion to the State.
