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ND Legislative Update by Kayla Pulvermacher, State Legislative Director We’re already halfway through March and today is Legislative Day 44. We are seeing things move through committees quickly now as they go through their second hearings. Once we’re through this second round of hearings, we’ll see conference committees begin and budgets start to be passed. It’s all downhill from here, folks! Last week we had two major bills heard. HB 1366 was heard in the Senate and was passed out later that same day. No amendments were offered and the bill will stay the same as it was passed out of the House. It’s not likely to see opposition on the floor. SB 2008, the Department of Financial Institutions budget bill, was heard the same day. DakCU testified in favor of the bill. Although it was not passed out of the committee that day, it’s likely to come out of committee without much opposition or change. This week, the Senate and House Appropriations committees will receive budget forecasts. These forecasts look at state revenues, agriculture and oil markets, and the nation’s economy and help the state set what it believes are appropriate revenue numbers on which to use for the state’s budgeting purposes. This is an important step; if legislators are budgeting too high, we could see state budgets get slashed. If they are budgeting low, we could see more dollars freed up to use. DakCU will be monitoring unclaimed property bills this week, and will testify on SB 2101, a bill that modernizes state credit union regulations regarding supervision and examinations, assessments, and real estate loans. On a personal note, it was great to see so many of your faces on the call with Senator Hoeven last week during our virtual Hike the Hill! We’re looking forward to visiting with Congressman Armstrong this week and Senator Cramer in the near future.
ND Legislative Update
by Kayla Pulvermacher, State Legislative Director
We’re already halfway through March and today is Legislative Day 44. We are seeing things move through committees quickly now as they go through their second hearings. Once we’re through this second round of hearings, we’ll see conference committees begin and budgets start to be passed. It’s all downhill from here, folks!
Last week we had two major bills heard. HB 1366 was heard in the Senate and was passed out later that same day. No amendments were offered and the bill will stay the same as it was passed out of the House. It’s not likely to see opposition on the floor.
SB 2008, the Department of Financial Institutions budget bill, was heard the same day. DakCU testified in favor of the bill. Although it was not passed out of the committee that day, it’s likely to come out of committee without much opposition or change.
This week, the Senate and House Appropriations committees will receive budget forecasts. These forecasts look at state revenues, agriculture and oil markets, and the nation’s economy and help the state set what it believes are appropriate revenue numbers on which to use for the state’s budgeting purposes. This is an important step; if legislators are budgeting too high, we could see state budgets get slashed. If they are budgeting low, we could see more dollars freed up to use.
DakCU will be monitoring unclaimed property bills this week, and will testify on SB 2101, a bill that modernizes state credit union regulations regarding supervision and examinations, assessments, and real estate loans.