“House OKs financing for Red River project” from the Bismarck Tribune, March 24, 2007
Tuesday, March 27th, 2007
Initial financing for a huge project to deliver Missouri River water to North Dakota’s Red River Valley now has the state Legislature’s final approval.
The North Dakota House voted 92-0 on Friday to endorse legislation that includes $100 million for the project, which is expected to cost more than $700 million. It now goes to Gov. John Hoeven for his signature.
The bill gives the state Water Commission authority to issue up to $40 million worth of bonds for the project, and says the Legislature will be expected to set aside another $60 million in state funds over the next six years.