ND HB1182

Amends section 4-24-09 of the North Dakota Century Code to modify investment income allocation from agricultural commodity assessment funds.

Requires the state treasurer to invest available moneys in accordance with section 21-10-07 in 14 specified funds: spud, oilseed, dry bean, dry pea and lentil, barley, soybean, corn, honey, turkey, milk stabilization, dairy promotion commission, state wheat commission, ethanol, and beef commission funds.

Mandates the state treasurer credit 20 percent of investment income derived from each fund to the general fund in the state treasury as payment for accounting, printing, data processing, legal, and other services provided by the state without cost to agricultural commodity entities.

Requires the state treasurer to credit 80 percent of investment income derived from each fund back to the respective fund.

Passed the House 89-2 and the Senate unanimously 47-0 during the 2011 regular session.