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ND HB1094

Bill

Official Source

Status

Passed

4/27/2011

Primary Sponsor

Unknown

Origin

House of Representatives

62nd Legislative Assembly

AI Summary

  • Amends subsection 1 of section 15.1-13-33 of the North Dakota Century Code regarding the national board certification fund.
  • Changes fund investment responsibility from the state investment board to the state treasurer.
  • Replaces specific investment authority reference (chapter 21-10) with the prudent investor rule as the investment standard.
  • Continues to appropriate all interest and income from the fund to the superintendent of public instruction for grants to teachers pursuing national board certification through the education standards and practices board.
  • Passed the House 82-10 (with 2 absent) and the Senate 47-0 (with 0 absent).

Legislative Description

Investment of special funds in the state treasury for the purpose of funding grants for teachers to pursue national board certification.

Last Action

Filed with Secretary Of State 04/27

4/28/2011

Committee Referrals

Government and Veterans Affairs1/4/2011

Full Bill Text

No bill text available