The Bank of North Dakota is a state-owned-run financial institution. The president of the Bank reports to the Industrial Commission, who oversee the bank alongside a separate advisory board appointed by the governor.
Building Authority
The North Dakota Building Authority finances and manages the real estate used by the State of North Dakota. By statute, the Industrial Commission also acts as the Building Authority.
The North Dakota Department of Mineral Resources houses both the North Dakota Geological Survey, which provides geological and geographical information to the legislature, other state agencies, and to the general public, and the Oil and Gas Division, which regulates the extraction of those resources within the state. The Industrial Commission oversees the department, whose director is appointed by the Governor.
Housing Finance Agency
The North Dakota Housing Finance Agency provides financial assistance and economic incentives to homebuyers within the state, including special assistance to low-income and first-time homebuyers. It also oversees United States Department of Housing and Urban Development programs within the state. The Industrial Commission oversees this agency.
Lignite Research, Development and Marketing Program
The North Dakota Lignite Research, Development, and Marketing Program is a fund that provides for the research, development, and marketing of North Dakota's lignitecoal resources. It is administered by the Industrial Commission, under advisement from the Lignite Research Council, a group of public and private sector experts appointed by the Governor.
Mill and Elevator
The North Dakota Mill and Elevator Association is a company owned by the State of North Dakota and overseen by the Industrial Commission that owns the largest flour mill in the United States. By statute, all capital and operating expenses are paid for by the association's revenues, after which 75% of all net profits are added to the state's general fund.
The Oil and Gas Research Program is a public fund that exists to promote the interests of the energy industry in North Dakota. The North Dakota Legislative Assembly appropriates money for the Oil and Gas Research Fund, which is administered by the Industrial Commission based on recommendations made by the Oil and Gas Research Council. The Council has eight members—seven industry representatives and one commissioner from an oil producing county—all of whom are appointed by the governor. The director of Department of Mineral Resources Oil and Gas Division and the State Geologist both advise the board as ex-officio nonvoting members.
