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| The Legislature created the Industrial Commission of North Dakota (the "Commission") in 1919 to conduct and manage, on behalf of the State, certain utilities, industries, enterprises and business projects established by state law. The members of the Commission are the Governor, the Attorney General and the Agriculture Commissioner of the State. The Governor is the Chairman, and a quorum for the transaction of business consists of the Governor and one additional member. The Attorney General serves as general counsel. The present members have been elected to office for terms expiring December 14, 2008 (with respect to the Governor), and December 31, 2006 with respect to the other two members). |
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Building Authority (BA)
701.328.3722
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The North Dakota Building Authority Act provides that the Commission, acting as the North Dakota Building Authority (the "Authority"), may negotiate the sale of the bonds of the Authority in such amounts and in such manner as may be provided by law for projects of the State.
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Bank of North Dakota (BND)
701.328.5700
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The Bank of North Dakota was established to promote agriculture, commerce, and industry in the State. Its loan programs work in conjunction with private financial institutions to finance economic development throughout the State. BND is the legal depository for all state funds unless provided otherwise by law. The Bank also serves as a central clearing agency and provides many other services to North Dakota banks and other financial institutions. Among the many programs the Bank administers are the Guaranteed Student Loan Program, the Community Water Facility Loan Fund, and the Beginning Farmer Loan Program. The Commission appoints the Bank President.
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Geological Survey (Survey)
701.328.8000
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The North Dakota Geological Survey serves as the primary source of geological and map-related information in the State. It promotes better public understanding of the State's natural resources by creating, collecting, and disseminating geologic and map-related information, and it administers several regulatory programs as well as acting in an advisory capacity to other state agencies. Regulatory responsibilities include storing and curating oil-well core and samples and making these materials available for study at their core and sample library in Grand Forks. The Survey also regulates coal exploration, geothermal resources, subsurface minerals, Class III Underground Injection Control Wells, and fossil resource protection. The Survey is headed by the State Geologist appointed by the Commission.
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Housing Finance Agency (HFA)
701.328.8080
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The North Dakota Housing Finance Agency (NDHFA), under an Initiated Measure approved by the citizens of the State on November 4, 1980, was authorized to create a mortgage purchase program and certain other housing programs and to issue revenue bonds of the State to fund these programs. The Commission appoints the Executive Director.
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Lignite Research, Development and Marketing Program (LRP)
701.258.7117 or 701.328.3722
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The Lignite Research, Development and Marketing Program,among other powers, has the authority to make grants or loans, enter into contracts, and issue evidences of indebtedness for the purpose of funding lignite research, development and marketing projects, processes or activities directly related to lignite and products derived from lignite. The Commission consults with the Lignite Research Council (LRC) in matters of policy affecting the Lignite Research Fund.
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Mill and Elevator Association (State Mill)
701.795.7000
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The North Dakota State Mill and Elevator Association is located in Grand Forks. The State Mill was established for the purpose of encouraging and promoting agriculture, commerce, and industry by engaging in the business of manufacturing and marketing farm products. The Commission appoints the General Manager to oversee operations.
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Oil and Gas Division
701.328.8020
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The Oil and Gas Division (the "Division"),is headed by the Director appointed by the Commission. The Commission has jurisdiction over the production of oil and gas in North Dakota. The Division's more important responsibilities are its administration of statutes and administrative rules regulating the drilling and plugging of wells, the restoration of drilling and production sites, the disposal of saltwater and oil field wastes, the spacing of wells, and the filing of reports on well location, drilling, and production. The Division's duties are guided by the principle that, while the State should promote oil and gas production, it should do so in a manner that prevents waste and protects the rights of mineral owners.
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Oil and Gas Research Program
701.328.3722
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North Dakota's Oil and Gas Research Program (OGRP) is a state/industry program designed to demonstrate to the general public the importance of the state oil and gas exploration and production industry, to encourage and promote the wise and efficient use of energy, to promote environmentally sound exploration and production methods and technologies, to develop the state's oil and gas resources, and to support research and educational activities concerning the oil and natural gas exploration and production industry. The Oil and Gas Research Council (OGRC), among other powers, has the authority to make grants or loans and enter into contracts for the purpose of promoting the growth of the oil and gas industry through research and education.
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Public Finance Authority (PFA)
701.328.7100
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Effective August 1, 2005 the ND Municipal Bond Bank was re-named the ND Public Finance Authority (PFA). The PFA was established to make loans to political subdivisions by issuing bonds and using the proceeds to purchase municipal securities issued by the borrowing political subdivisions. The PFA is operated and managed under the control of the Commission. In addition to its general financing program for political subdivisions, the PFA is the financial administrator of the State's water pollution control revolving loan fund established by the State in conformity with the federal Clean Water Act. The Executive Director is appointed by the Commission.
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Student Loan Trust (SLT)
701.328.5700
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The Commission acting as the North Dakota Student Loan Trust, holds in trust United States government or North Dakota guaranteed student loans. The Commission issues revenue bonds to fund the purchase of student loans.
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