North Dakota Bankers
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January 16, 2023 - Update

January 16, 2023 - Update

Posted: Jan 16 2023

This Week at the Legislature

As week two comes to a close, over 620 bills have been introduced, and we’ve heard that the Legislative Council is planning for over 1,000 total bills! Despite a few hiccups still with hearing schedules and bill committee assignments, legislators seem to be hitting a stride, already engaging in extended floor debates on a number of important ideas.

The renewed budget forecast for the 2023-2025 biennium was presented Tuesday to a joint Senate and House Appropriations committee, with North Dakota’s Office of Management Budget forecasting more than $4.2 billion in the state’s general fund, while the baseline of the legislature’s consultant, S&P Global, hovered over $4 billion—a difference of just under $200 million. Both estimates were billed as “conservative” projections, and the overall rosy fiscal outlook for the biennium remains. Please stay tuned as we’ll be providing more details on the state’s revenue outlook in the coming days.

Hearings and Other Action this Week

HB 1106 – Appraisal Management Companies
The House Industry Business and Labor Committee held its second hearing regarding HB 1106 Wednesday afternoon. The bill was introduced at the request of the ND Real Estate Appraiser Qualifications and Ethics Board. The bill changes the law to require that review appraisers – whether independent or an employee of an Appraisal Management Company (AMC) – must be certified or licensed in the State of North Dakota to perform appraisal reviews. Corey Kost, Chair of the Appraiser Board, again testified in support and further explained the purpose of the bill. The ND Home Builders Association testified the bill could create more “bottlenecks” in the appraisal process. Mark Schiffman and Andy Reisser testified on behalf of the Appraisal Management Association in opposition to the bill as written but supported what the Board was trying to accomplish. They offered to work with the Board to draft amendments to improve the bill. The hearing was closed and Chairman Louser appointed a subcommittee to work with all the parties to try to put a workable bill together. NDBA’s concern at this point is any negative impact on the Bank of North Dakota’s loan valuation program. The subcommittee is scheduled to meet at 8:00 am, Tuesday morning, January 17.

 

HB 1014 – Industrial Commission Appropriation Bill
HB 1014 is the appropriation bill for defraying the expenses of the Industrial Commission and the agencies under its control, including the Bank of North Dakota and the ND Housing Finance Agency. The Government Operation Committee of the House Appropriation Committee heard an overview of the bill on Thursday and Friday. Thursday afternoon, Dave Flohr, executive director of the Housing Finance Agency, testified in support of NDHFA’s section of the bill. House Finance provides affordable home financing to low- to moderate-income families and helps to ensure the continued availability of suitable rental housing for households of modest means, while focusing on the overall housing needs of North Dakota. On Friday morning, Todd Steinwand, President and CEO of the Bank of North Dakota, testified in support of BND’s portion of the bill. Important in the bill for the industry is the request for seven additional FTEs for the “Collateral Valuation” program. NDBA supports this request. Given the extended length of the hearing, NDBA’s Rick Clayburgh and ICBND’s Barry Haugen did not testify, but signed in supporting both Housing Finance and BND. The committee will be holding additional hearings on each of the agency’s budget requests.

Hearings This Week

1/16/2023 09:00 AM   
HB 1215
Relating to the filing of business incentive reports; and to repeal chapter 54-60.1 of the North Dakota Century Code, relating to business incentives, agreements, and reports administered by the department of commerce. 
House Industry, Business and Labor 
NDBA Priority 

01/17/2023 09:30 AM   
HB 1095
Relating to the inclusion of comprehensive medication management services in health benefit plans. 
House Human Services 
Trust 

01/17/2023 11:00 AM   
HB 1267
Relating to the disposition of proceeds from tax lien foreclosures. 
House Finance and Taxation 
Tracking 

01/17/2023 02:30 PM   
HB 1283
Relating to fair access to financial products and services; and to provide a penalty. 
NDBA Opposed!
House Industry, Business and Labor 
NDBA Priority 

01/17/2023 02:30 PM   
HB 1323
Relating to a claimant's right to maintain a construction lien for furnishing materials and improvements. 
House Industry, Business and Labor 
Tracking 

01/17/2023 03:00 PM   
HB 1008
A BILL for an Act to provide an appropriation for defraying the expenses of the department of financial institutions. 
House Appropriations - Government Operations Division 
NDBA Priority 

01/18/2023 09:00 AM   
HB 1227
Relating to a cost-benefit analysis for a measure or policy affecting the legacy fund. 
House Finance and Taxation 
Tracking 

01/18/2023 02:30 PM   
HB 1347
Relating to the state treasurer and financial institutions engaged in boycotts of energy companies; and to amend and reenact section 6-01-02 of the North Dakota Century Code, relating to definitions. 
NDBA Opposed!
House Industry, Business and Labor 
NDBA Priority 

01/19/2023 09:00 AM   
HB 1133
Relating to statements of full consideration. 
House Energy and Natural Resources 
Tracking 

How to Contact Your Legislators

During a legislative session, a legislator can be reached at the State Capitol through: Otherwise, a legislator can be reached by mail, telephone or email at the address listed in the legislator’s biography, or one of the lists provided below. Individual legislator contact information is listed here:

Over the course of the session, NDBA may ask you to call your Senator or Representative to talk to them about a particular bill or to ask them to support or oppose a particular bill.

Legislator contacts from local bankers are extremely important, so, please, if we ask, contact your legislators!

Also, local legislative forums are great to attend because they inform you about issues beyond banking and let you get to know your legislators at home where they are most responsive to your interests and concerns.

Don’t be a stranger; get to know your representatives in Bismarck!

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