North Dakota Century Code Title 54. State Government § 54-63.1-05. Clean sustainable energy program--Powers and duties of the commission

a. Provide grants, loans, or other forms of financial assistance to qualified entities for the research, demonstration, development, and commercialization of projects, processes, activities, and technologies that reduce environmental impacts and use energy sources derived from within the state. Other forms of financial assistance include venture capital investments and interest rate buydowns. The commission must require an entity to provide assurance of financial and other types of support that demonstrate a commitment to the project, process, activity, or technology. The commission may develop policies for the approval of loans or loan guarantees issued from the clean sustainable energy fund.

b. Enter into contracts or agreements to carry out the purposes of this chapter, including contracting for the administration of the program.

c. Keep accurate records of all financial transactions performed under this chapter.

d. Cooperate with any private, local, state, or national organization to make contracts and agreements for programs that advance the mission of the program.

e. Accept loan repayments, donations, grants, contributions, or gifts from any public or private source to carry out the purposes of this chapter, which must be deposited in the clean sustainable energy fund.

f. Make guidelines necessary to carry out the purposes of this chapter, including guidelines relating to the ownership of intellectual property.

g. Borrow from the Bank of North Dakota, as authorized by the legislative assembly, to make loans or loan guarantees under a loan program or loan guarantee program developed by the clean sustainable energy authority.