Mathern introduces $2 billion bonding bill

BISMARCK (KVRR/KCND) – Fargo Democratic Sen. Tim Mathern has introduced a $2 billion bonding bill.

Mathern says the bill fully funds the “Prairie Dog” infrastructure program, provides money for roads, bridges, low income housing and a low interest loan program for schools and colleges.

Mathern says the bill takes advantage of the relatively low prices for bonds right now and evens out state spending, by spreading payments out over 25 years.

The bonds would be paid back through Legacy Fund earnings, or profits from the Bank of North Dakota.