How SB 2333 changes current law

AN ACT to create and enact a new section to chapter 4.1-01 of the North Dakota Century Code, relating to a low-carbon fuels fund; to amend and reenact sections 39-04-39 and 54-44.5-09 of the North Dakota Century Code, relating to the distribution of certain vehicle registration fees and ethanol production incentives; to repeal chapter 17-02 of the North Dakota Century Code, relating to ethanol production incentives; to provide a continuing appropriation; to provide for a transfer; and to provide for a report. · North Dakota

How this bill changes current law

2 changes

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill modifies the distribution of vehicle registration fees to create and fund a low-carbon fuels fund while altering previous ethanol production incentive mechanisms.

  • N.D.C.C. § 39-04-39

    the ethanol production incentive fund → the low-carbon fuels fund under section 1 of this Act

    This change redirects funds from the highway tax distribution fund to the new low-carbon fuels fund.

  • N.D.C.C. § 39-04-39

    no transfer may be made in an amount that would result in the balance of the ethanol production incentive fund exceeding seven million five hundred thousand dollars

    This removes the cap on transfers that would have limited the funding to the low-carbon fuels fund based on the balance of the previous ethanol production incentive fund.

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