June 13, 2011
Treasurer Kelly Schmidt distributes $35 million to counties, cities, and townships for special road projects
Bismarck, ND-June 13, 2011: Treasurer Kelly Schmidt announced today that non-oil and gas producing political subdivisions should expect to see deposits in their accounts for two special distributions totaling $35 million.
House Bill 1012 (the Department of Transportation budget) appropriated $60 million to Non-Oil Producing counties for transportation funding. This is one-time funding, distributed over two years. The first year distributions which were completed today totaling $35 million. The second year $25 million distribution will occur next year at the same time. Distribution amounts are available on our website at www.nd.gov/ndtreas. These funds are designated for road projects in the same manner as Highway and Township Road Distribution.
The State Treasurer and her staff serve the people of North Dakota by providing sound leadership and prudent investment practices of state dollars. The Treasurerís office also works in cooperation with the Bank of North Dakota. The Mission of the Office of the State Treasurer is to fulfill its constitutional and statutory responsibilities in order to assure sound financial oversight and absolute safety of all public funds collected, managed, and disbursed.