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Kelly Armstrong: “The industrial commission budget has $100 million of line of…”

Featuring: Kelly Armstrong, Republican | Governor of North Dakota

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North Dakota Governor Kelly Armstrong talks legislative session | Prairie Pulse

Published | Video Starts at 19:53

… that goes into our tax coffers with significantly more than a 10% off an MCF of gas. So we've always known we have to have takeaway out of the Bakken. The industrial commission budget has $100 million of line of credit, which is in order for us to buy capacity. The problem with these pipeline projects is they take a long time to build, they're expensive to build. So you have to have end use contracts in order to get it. (19:53–19:59)

CLAIM

Asserts that the industrial commission budget includes a $100 million line of credit for capacity purchases.

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