ND HB1175

Amends North Dakota Century Code section 21-10-01 to clarify the composition of the State Investment Board, which includes the governor, state treasurer, appointees from legislative leadership, and representatives from various state agencies and retirement boards.

Specifies that one member is appointed by the majority leader of the senate and one by the majority leader of the house of representatives, with detailed provisions for teachers' fund and public employees retirement system board designees.

Authorizes the director of workforce safety and insurance to appoint a designee subject to board approval, and allows retirement boards to appoint alternate designees with full voting privileges when primary members cannot attend.

Sets member compensation at $148 per day plus necessary mileage and travel expenses under sections 44-08-04 and 54-06-09, excluding elected officials and the workforce safety director.

Permits the State Investment Board to establish an advisory council of investment experts whose members receive the same compensation as the Bank of North Dakota advisory board members plus mileage and travel expenses.