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.
Prior to each legislative session, BND and the Industrial Commission work together to determine the portion of the earnings dividend that may be used for legislative purposes. This is communicated with legislators as they create budgets for the upcoming biennium.
In addition to returning a portion of its dividends to the state through Legislature-Directed programs, the Legislature accesses Bank funds for the General Fund. As of December 31, 2024, BND profits have provided more than $1.6 billion to the State’s General Fund and Other Funds per the Legislature’s direction.
