- Associated Press - Tuesday, July 26, 2016

BISMARCK, N.D. (AP) - Republican Gov. Jack Dalrymple has signaled that $100 million may be taken from Bank of North Dakota profits to help address shortfalls to the state treasury.

Dalrymple has called a special session of the North Dakota Legislature to address a $310 million budget shortfall due to low oil and farm commodity prices.

Dalrymple and Republican legislative leaders have not given specifics on how to solve the budget problem when the Legislature returns next week for a three-day special session.

But the governor on Tuesday hinted that about a third of the shortfall may come from the state-owned bank. He didn’t elaborate during the meeting at the state Industrial Commission, which he chairs.

Bank president Eric Hardmeyer told the governor that the bank is “extremely strong, capital-wise.”



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