BISMARCK, North Dakota — A program aimed at helping North Dakota communities deal with the effects of rapid energy development will have far less money than originally forecast due to slumping oil activity.
New data show the funding expected to come in to the Oil and Gas Impact Grant Fund for the two-year budget cycle is $28.6 million. The North Dakota Department of Trust Lands estimated $65.6 million would be available.
State Land Commissioner Lance Gaebe tells the Bismarck Tribune (http://bit.ly/1PwkqYN) that the called the revised estimate is "a pretty dramatic shift."
Gaebe says some grants may have to be cut or delayed.
Information from: Bismarck Tribune, http://www.bismarcktribune.com