General Authority: NDCC15.1-36-01 Current Program Authority: SB2178

The 2015 Legislative Session brought several changes to NDDPI's School Construction Loan Program.      Elements that did NOT change (NDCC 15.1-36): Still need NDDPI project approval Loan Eligibility amount still based off Capital Construction Loan Worksheet, which determines if district is eligible for 70%, 80%, or 90% of project cost, based on district's taxable valuation      Elements that DID change (SB 2178): Tax effects on proposed project must be published prior to bond vote Bond vote for proposed project must pass 2% loans from Bank of North Dakota (BND) Applications (SFN 52306) are accepted through April 1st, then prioritized based on: Student occupancy and academic needs in the district The age of existing structures to be replaced or remodeled Building design proposals that are based on safety and vulnerability assessments Community support Cost NDDPI prioritized list forwarded to BND Additional application from BND required to be completed