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ND HCR3018

Concurrent Resolution

Official Source

Status

Engrossed

2/25/2013

Primary Sponsor

Al Carlson

Click for details

Origin

House of Representatives

63rd Legislative Assembly

AI Summary

  • North Dakota voters approved a constitutional provision in 2010 requiring 30 percent of oil and gas tax revenue to be deposited into the legacy fund
  • The constitutional provision requires legacy fund earnings to be transferred to the state general fund beginning in 2017
  • Directs the Legislative Management to study the most beneficial uses of legacy fund earnings before those earnings become available for appropriation
  • Requires the Legislative Management to report findings, recommendations, and any necessary implementing legislation to the Sixty-fourth Legislative Assembly
  • Establishes legislative priorities for legacy fund earnings to implement the vision of North Dakota citizens who enacted the constitutional provision

Legislative Description

A concurrent resolution directing the Legislative Management to study the most beneficial use of the earnings of the legacy fund.

Last Action

Second reading, failed to adopt

3/26/2013

Committee Referrals

Government and Veterans Affairs2/25/2013
Finance and Taxation1/25/2013

Full Bill Text

No bill text available