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25.0792.03000 Sixty-ninth Legislative Assembly of North Dakota FIRST ENGROSSMENT ENGROSSED SENATE BILL NO.
Sixty-ninth Legislative Assembly of North Dakota In Regular Session Commencing Tuesday, January 7, 2025 SENATE BILL NO.
2256 Introduced by Senators Sorvaag, Patten, Sickler, Davison Representatives Nathe, Swiontek A BILL for an Act to create and enact a new section to chapter 54-17 of the North Dakota Century Code, relating to a research technology park fund;
2256 (Senators Sorvaag, Patten, Sickler, Davison) (Representatives Nathe, Swiontek) AN ACT to create and enact a new section to chapter 54-17 of the North Dakota Century Code, relating to a research technology park grant program;
to provide a continuing appropriation;
to provide an appropriation;
to provide a transfer;
and to provide for a report.
and to provide a report.
Research technology park fund - North Dakota state university - Continuing appropriation - Report.
Research technology park grant program - North Dakota state university - Report.
The research technology park fund is a special fund in the state treasury.
The industrial commission shall administer the research technology park grant program.
All moneys deposited in the fund and interest upon moneys in the fund are appropriated on a continuing basis to the industrial commission for distribution to the research technology park at North Dakota state university.
Subject to legislative appropriations, the industrial commission shall distribute grant funding to the research technology park at North Dakota state university.
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Enter into contracts or agreements with other institutions of higher education to support the selected research topics and projects;
Enter contracts or agreements with other institutions of higher education to support the selected research topics and projects;
Enter into contracts or agreements with federal, private, and nonprofit organizations to carry out the selected research topics and projects;
Enter contracts or agreements with federal, private, and nonprofit organizations to carry out the selected research topics and projects;
Annually, the research technology park shall report all research activities, product development, and accomplishments to the industrial commission and the legislative management.
Annually, the research technology park shall report all research activities, product development, and accomplishments to the industrial commission and the legislative S.
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NO.
2256 - PAGE 2 management.
TRANSFER - STRATEGIC INVESTMENT AND IMPROVEMENTS FUND TO RESEARCH TECHNOLOGY PARK FUND.
APPROPRIATION - INDUSTRIAL COMMISSION - STRATEGIC INVESTMENT AND IMPROVEMENTS FUND - RESEARCH TECHNOLOGY PARK GRANT PROGRAM - ONE-TIME FUNDING.
The office of management and budget shall transfer the sum of $15,000,000 from the strategic investment and improvements fund to the research technology park fund, during the biennium beginning July 1, 2025, and ending June 30, 2027.
There is appropriated out of any moneys in the strategic investment and improvements fund in the state treasury, not otherwise appropriated, the sum of $10,000,000, or so much of the sum as may be necessary, to the industrial commission for the purpose of providing grants under the research technology park grant program pursuant to section 1 of this Act, during the biennium beginning July 1, 2025, and ending June 30, 2027.
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Of the $10,000,000, the industrial commission shall distribute a grant of $5,000,000 to the research technology park without a matching requirement and may distribute a grant of up to $5,000,000 to the research technology park only to the extent the research technology park provides one dollar of matching funds from nonstate sources for each dollar of grant funding distributed under the program.
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The appropriation in this section is considered a one-time funding item.
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2256 - PAGE 3 ____________________________ ____________________________ President of the Senate Speaker of the House ____________________________ ____________________________ Secretary of the Senate Chief Clerk of the House This certifies that the within bill originated in the Senate of the Sixty-ninth Legislative Assembly of North Dakota and is known on the records of that body as Senate Bill No.
2256.
Senate Vote:
Yeas 31 Nays 15 Absent 1 House Vote:
Yeas 61 Nays 30 Absent 3 ____________________________ Secretary of the Senate Received by the Governor at ________M.
on _____________________________________, 2025.
Approved at ________M.
on __________________________________________________, 2025.
____________________________ Governor Filed in this office this ___________day of _______________________________________, 2025, at ________ o’clock ________M.
____________________________ Secretary of State
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