Establishes a medical facility emergency operating loan program in North Dakota for local nonprofit hospitals.

The bill amends the North Dakota Century Code to establish a medical facility emergency operating loan program. The Bank of North Dakota will administer this program to provide loans to local nonprofit hospitals in cities with populations under 2,500. Loans may not exceed $5 million, have an annual interest rate of no more than 2%, and a term of up to 11 years, with the first year eligible for interest-only payments. The program is funded by a one-time appropriation of $10 million transferred from the general fund.

Establishes a medical facility emergency operating loan program in North Dakota for local nonprofit hospitals.

The bill amends the North Dakota Century Code to establish a medical facility emergency operating loan program. The Bank of North Dakota will administer this program to provide loans to local nonprofit hospitals in cities with populations under 2,500. Loans may not exceed $5 million, have an annual interest rate of no more than 2%, and a term of up to 11 years, with the first year eligible for interest-only payments. The program is funded by a one-time appropriation of $10 million transferred from the general fund.