North Dakota House members killed a bill Monday, March 25, for a revolving loan fund aimed as supplementary to "Operation Prairie Dog" for infrastructure projects.
The House voted down Senate Bill 2275, which had unanimously passed the Senate, 55-34. Bill carrier Rep. Jeff Delzer, R-Underwood, expressed concern for covering the bill's bond issue of up to $500 million for 30 years.
"I don't know how we can sit here and say that we want to commit that kind of cost to future legislatures when we don't know what our options are going to be at that time," Delzer said.
The bill's chief sponsor, Senate Majority Leader Rich Wardner, R-Dickinson, said the bill would help with major water projects, such as flood protection for Fargo and Minot.
"This was to allow them to borrow low-interest loan money to work on it, and it'll save the property taxpayer millions of dollars over time," Wardner said.
Wardner was a shepherd of "Operation Prairie Dog," which Gov. Doug Burgum signed into law last week.
That bill adds permanent funds for infrastructure projects throughout North Dakota, using up to $250 million in oil tax revenue every two years.
Wardner said the aims of SB 2275 may return in the remainder of this legislative session.