FINANCIAL_SERVICESAPPROVED

North Dakota Industrial Commission Awards Financial Services Contract to Walsh Rural Water District (June 2026)

The Industrial Commission approved a 30-year Drinking Water State Revolving Fund loan of $6.4 million (within a $16.95 million Program loan) to Walsh Rural Water District for major expansions of wellfield capacity, transmission and distribution pipelines, and treatment plant upgrades in a $37 million project. The financing includes substantial loan forgiveness, state cost-share funds, and an EC in SDC grant, authorized under the SRF Master Trust Indenture.

Status
APPROVED
Document date
June 29, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Walsh Rural Water District
Agency
North Dakota Industrial Commission · ND

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Scope & details

The full contract record, as filed.

Contract amount
$6,395,010 (net loan); $16,954,000 Program loan; $37,000,250 total project
Contract type
FINANCIAL_SERVICES
Contract term
30 years
Renewal date
2056-06-29
Renewal
Loan is funded from the Drinking Water Loan Fund with 30-year repayment; resolution declares intent to reimburse Federally Capitalized Loan Account advances from future bond proceeds.
Document type
Minutes
Source document
Industrial Commission of North Dakota Minutes 2026-06-29

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by North Dakota Industrial Commission?

Walsh Rural Water District was awarded this financial services contract by North Dakota Industrial Commission, as recorded on June 29, 2026. The contract value is $6,395,010 (net loan); $16,954,000 Program loan; $37,000,250 total project.

How much is the Walsh Rural Water District contract with North Dakota Industrial Commission worth?

The Walsh Rural Water District contract with North Dakota Industrial Commission is valued at $6,395,010 (net loan); $16,954,000 Program loan; $37,000,250 total project, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Industrial Commission of North Dakota Minutes 2026-06-29 (Minutes), dated June 29, 2026 from North Dakota Industrial Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Walsh Rural Water District hold?

Walsh Rural Water District may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Walsh Rural Water District's profile

What is North Dakota Industrial Commission currently buying?

Explore North Dakota Industrial Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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