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AGENDA

Industrial Commission of North Dakota Tuesday, April 23, 2013 1:00 p.m. - Governor's Conference Room

I. North Dakota Renewable Energy Program Business ­ Alan Anderson A. Presentation of Renewable Energy Development Fund Financial Report (Attachment 1) B. Consideration of the Renewable Energy Council's recommendation on the following Round 18 application: 1. R-018-A "Biocomposite Development for Industrial and Consumer Products" Submitted by c2renew corporation, Earth-Kind, NDSU; Principal Investigator: Chad Ulven; Project Duration: 2 years, Total Project Costs; $300,000; Request for $150,000. (Attachment 2) 2. Other North Dakota Renewable Energy Program business

(approximately 1:15 p.m.)

II. North Dakota Department of Mineral Resources Business ­ Lynn Helms A. Consideration of Order No. 22516 in regards to a petition for reconsideration of Order 22083 issued in Case 19777 (Attachment 3) B. Legislative Update (Attachment 4) C. Other North Dakota Department of Mineral Resources business

(approximately 1:35 p.m.)

III. Joint meeting of the Industrial Commission and the Bank of North Dakota Advisory Board regarding Bank of North Dakota Business ­ Eric Hardmeyer A. Presentation of the 2012 Bank of North Dakota Annual Report (Attachment 5) B. Presentation of the 2012 external Bank of North Dakota audit ­ Darrell Lingle, Eide Bailly LLP (Attachment 6) C. Presentation of the following external audits ­ Darrell Lingle, Eide Bailly LLP 1. Beginning Farmer Revolving Loan Fund (Attachment 7) 2. Community Water Facility Loan Fund (Attachment 8) D. Presentation of First Quarter 2013 Performance Highlights (Attachment 9) E. Presentation of Legislative Update (Attachment 10) F. Presentation of Nonconfidential Bank of North Dakota Advisory Board February 19, 2013 meeting minutes (Attachment 11) G. Other Bank of North Dakota business *******Consideration of a motion to close the Industrial Commission meeting pursuant to N.D.C.C. §44-04-19.1(9) and N.D.C.C. §44-04-19.2 to discuss and provide negotiating

Industrial Commission Agenda Page 2 April 23, 2013

strategy and/or negotiating instructions to Bank of North Dakota management regarding the investment manager contract between the State Investment Board and the Bank of North Dakota***** ********Consideration of a motion to close the Industrial Commission meeting pursuant to North Dakota Century Code 54-17.5-06 to consider the agenda item under Lignite Research Business which involves a project that has previously been determined to be confidential*******

******Meeting closed pursuant to N.D.C.C. 6-09-35 to discuss items listed below on the agenda under Bank of North Dakota Confidential Business********

IV. Joint confidential meeting of the Industrial Commission and the Bank of North Dakota Advisory Board on Bank of North Dakota Confidential Business ­ Eric Hardmeyer A. Consideration of Bank of North Dakota loan applications (Attachments 12 - 16) B. Presentation of Non-Accrual Loans Quarterly Recap/Detail (Attachment 17) C. Presentation of Problem Loans ­ Adversely Classified Quarterly Recap (Attachment 18) D. Presentation of Loan Charge-Offs and Recoveries Y.T.D. 03/31/2013 (Attachment 19) E. Presentation of the Confidential Bank of North Dakota Advisory Board February 19, 2013 minutes (Attachment 20) F. Industrial Commission to discuss and provide negotiating strategy and/or negotiating instructions to Bank of North Dakota management regarding the investment contract between the State Investment Board and the Bank of North Dakota G. Other Bank of North Dakota confidential (as defined under N.D.C.C. 6-09-35) business

(approximately 3:10 p.m.)

V. Lignite Research, Development & Marketing Program Business ­ John Dwyer, Mike Jones A. Update by Great Northern Power Development regarding their Lignite Vision 21 Feasibility Project ­ Phase IV ­ Engineering, Business Development and Design - Chuck Kerr, Todd Joyner (Attachment 21)

***************Meeting returns to open session******************

B. Consideration of a request from Great Northern Power Development for an amendment to Contract FY08-LXII-161 for a No-Cost Time Extension (Attach. 22) C. Other Lignite Research, Development & Marketing Program business

(approximately 3:40 p.m.)

VI. North Dakota Public Finance Authority Business ­ DeAnn Ament A. Consideration of the following loans: 1. City of Mandan ­ Clean Water SRF loan - $2,230,000 (Attachment 23) 2. City of Mandan ­ Drinking Water SRF loan - $1,200,000 (Attachment 24) 3. Mandan Airport Authority ­ Capital Financing Program - $700,000 (Attach. 25)

Industrial Commission Agenda Page 3 April 23, 2013

B. Presentation of a memorandum on actions taken by the Public Finance Authority Advisory Committee regarding loans for the following entities: (Attachment 26) 1. City of Lisbon - $495,000 (Clean Water SRF Program) 2. City of Ray ­ Increase of $994,700 to a previously approved loan in the amount of $1,538,836 for a total of $2,533,536 (Clean Water SRF Program) 3. City of Westhope - $850,000 (Drinking Water SRF Program) 4. Chicago Township in Stutsman County - $200,000 Capital Financing Program Disaster Loan C. Presentation of the sales report on the Public Finance Authority's $51,375,000 Capital Financing Program Bonds, Series 2013A (Attachment 27) D. Other North Dakota Public Finance Authority business

(approximately 3:55 p.m.)

VII. North Dakota State Mill Business ­ Vance Taylor ­ will join by phone A. Consideration of a Capital Project - K-Mill Capacity Increase Third and Final Phase in the amount of $3,100,000 (Attachment 28) B. Other North Dakota State Mill business

(approximately 4:15 p.m.)

VIII. North Dakota Housing Finance Agency Business ­ Mike Anderson A. Consideration of Housing Finance Agency Advisory Board recommendation regarding 2013 Helping HAND Program (Attachment 29) B. Legislative Update (Attachment 30) C. Other North Dakota Housing Finance Agency business

(approximately 4:30 p.m.)

IX. Administrative Business ­ Karlene Fine A. Legislative Update (Attachment 31) B. Other Industrial Commission Administrative business X. Adjournment

Bold items require Industrial Commission action

Any person who requires an auxiliary aid or service must contact or notify the Industrial Commission Office at 328-3722 at least three (3) working days prior to the scheduled meeting.

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