A concurrent resolution directs the Legislative Management to study the feasibility of establishing a state-owned association for oil and gas.
The bill directs the Legislative Management to study the feasibility and desirability of establishing a state-owned association for the development and production of oil and gas. The study would cover exploration, extraction, transportation, storage, processing, refining, and direct sales of oil and gas products. The resolution references the successful state-owned enterprises, such as the Bank of North Dakota and the North Dakota Mill and Elevator Association, as models for potential economic benefits.
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