N.D.C.C. § 57-15-61 — Economic growth districts

In counties that are part of a joint job development authority, an economic growth district
may be established by resolution approved by the board of county commissioners of each
county that will be part of the economic growth district. The resolution approved by each board
of county commissioners must specify which of the counties in the economic growth district will
have the responsibility to administer the economic growth increment pool, unless the boards of
county commissioners otherwise agree in writing to different terms and conditions.
1. Upon establishment of an economic growth district, the auditor of each county in the
economic growth district shall compute and certify the taxable value of each lot or
parcel of commercial property, as defined in section 57 -02-01, in that county as most
recently assessed and equalized. In each subsequent year, the county auditor of each
county in an economic growth district shall compute and certify the amount by which
the taxable valuation of all commercial lots and parcels of real property in that county,
as most recently assessed and equalized, has increased in comparison with the
original taxable value of all commercial lots and parcels. The amount of increase
determined is the gross commercial growth of that county. If there is a decrease or no
increase in gross commercial growth, the auditor shall certify the gross commercial
growth as zero. The auditor shall compute and certify the net commercial growth of the
county as thirty percent of the gross commercial growth.
2. The county auditor of each county in an economic growth district shall exclude the net
commercial growth determined under subsection 1 from the taxable valuation upon
which the auditor computes the mill rates of taxes levied in that year by the state and
every political subdivision having power to levy taxes on the property. The auditor shall
extend the aggregate mill rate against the net commercial growth as well as the
taxable valuation upon which the aggregate mill rate was determined. The amount of
taxes received from application of the aggregate mill rate against the net commercial
growth is the economic growth increment revenue for that year.
3. The county auditor of each county in an economic growth district shall segregate all
economic growth increment revenue in a special fund.
4. The county treasurer shall remit the economic growth increment revenue to the county
auditor of the county that administers the economic growth increment pool when the
county treasurer distributes collected taxes to the state and to political subdivisions.
5. Before annual certification of county tax levies to the county auditor, the county auditor
in the county that administers the economic growth increment pool shall distribute to
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the county auditors of the other counties in the economic growth district the proportion
of the economic growth increment pool which the population of the receiving county
bears to the total population of all counties in the economic growth district. Revenue
received by a county under this subsection must be deposited in the county general
fund.
6. An economic growth district may be dissolved by discontinuation of a joint job
development authority or by approval of a resolution by the board of county
commissioners of each county in the economic growth district. Upon dissolution of an
economic growth district, any funds remaining in the economic growth increment pool
must be distributed in accordance with subsection 5.