ND HB1374

Directs legislative management to study the feasibility and desirability of authorizing the state investment board to purchase oil and gas put options, enter swap agreements, or utilize other industrial commission-approved hedging strategies during the 2015-16 interim.

Study aims to enable the state investment board to offset reduced state general fund oil and gas tax revenues when oil and gas prices decrease.

Hedging strategies would be conducted with designated counterparties for the office of management and budget.

Legislative management shall report findings, recommendations, and any required implementing legislation to the sixty-fifth legislative assembly.

Passed House 85-8 with 1 absent; passed Senate 34-13 with 0 absent.