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ND SB2312

Bill

Official Source

Status

Introduced

1/25/2011

Primary Sponsor

Duane DeKrey

Click for details

Origin

Senate

62nd Legislative Assembly

AI Summary

  • Creates a new section in chapter 21-10 of the North Dakota Century Code requiring the state investment board to establish investment policies for the legacy fund
  • Requires policies to address investment goals, objectives, and asset allocation for the legacy fund established under the North Dakota Constitution
  • Mandates that at least 15 percent of the legacy fund balance be invested in projects and investments based in North Dakota

Legislative Description

The investment of funds in the legacy fund.

Last Action

Second reading, failed to pass, yeas 9 nays 37

2/4/2011

Committee Referrals

Industry, Business, and Labor1/25/2011

Full Bill Text

No bill text available