Lawmakers like to spend oil income tax income in North Dakota organizations, infrastructure loans

Lawmakers like to spend oil income tax income in North Dakota organizations, infrastructure loans

A bipartisan set of North Dakota lawmakers has set its look on spending a amount associated with state’s future oil taxation revenue in neighborhood companies and infrastructure tasks.

Home Bill 1425 would direct the State Investment Board to designate 10% of taxation collections moving to the voter-approved Legacy Fund for producing loans tailored to North Dakota towns, counties and businesses. Read More