North Dakota Development Fund, Inc. Board of Directors Meeting
The meeting included discussions and decisions on several key items, such as a loan modification for Cerilon GTL ND Inc. The board conducted officer elections, re-electing Jim Albrecht as President, Rob Lindberg as Vice President, and Joel Brown as Secretary/Treasurer. An audit update was provided, noting the completion of document submission and the expected final audit report. The board also discussed a conflict-of-interest form update and approved the charge-off of Beginnings Childcare and Preschool, Inc. and Beginnings Learning Center, Inc. Additionally, the board approved investments to Fenworks, Inc., making an exception to the investment policy. Finally, the board was informed about a Litigation Hold Memorandum from the Attorney General's office.