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ND HB1202
Bill
Status
1/11/2021
Primary Sponsor
Keith Kempenich
Click for details
AI Summary
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Changes "full control" to "investment authority" over permanent funds derived from land sales in section 15-01-02.
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Requires permanent fund investments to be made pursuant to section 21-10-06.
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Adds "common schools trust fund and other investments under the control of the board of university and school lands" to the list of funds the state investment board shall manage.
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Maintains the state investment board's authority over 13 existing funds including teachers' retirement, public employees retirement system, budget stabilization fund, and legacy fund.
Legislative Description
Funds managed by the state investment board and the investments of the board of university and school lands.
Last Action
Second reading, failed to pass, yeas 27 nays 66
2/3/2021