HB 1368 Summary

• Adds one nonvoting member from the legacy and budget stabilization fund advisory board to the state investment board.

• The legacy and budget stabilization fund advisory board must develop a process to select one of its members to serve on the state investment board in a nonvoting capacity.

• Maintains the state investment board's ability to establish an advisory council composed of investment-experienced individuals, with members receiving compensation equal to Bank of North Dakota advisory board members plus mileage and travel expenses.

• Passed the House 91-0 and the Senate 45-1 in the 2019 regular session.