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ND HB1154

Bill

Official Source

Status

Introduced

1/3/2017

Primary Sponsor

Jeff Delzer

Click for details

Origin

House of Representatives

65th Legislative Assembly

AI Summary

  • Increases the maximum balance threshold for the budget stabilization fund from 9.5 percent to 15 percent of the current biennial state general fund budget
  • Any earnings or deposits that would cause the fund balance to exceed 15 percent must be transferred to the state general fund instead of being retained in the stabilization fund
  • The state investment board continues to supervise investment of the budget stabilization fund according to chapter 21-10
  • Declares the measure to be an emergency

Legislative Description

The budget stabilization fund; and to declare an emergency.

Last Action

Second reading, failed to pass, yeas 5 nays 84

2/10/2017

Committee Referrals

Appropriations1/3/2017

Full Bill Text

No bill text available