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ND HB1274

Bill

Official Source

Status

Introduced

1/11/2021

Primary Sponsor

Keith Kempenich

Click for details

Origin

House of Representatives

67th Legislative Assembly

AI Summary

  • Requires the legacy and budget stabilization fund advisory board to review any legislative measure, initiated or referred measure, or asset allocation and investment policy affecting the legacy fund
  • Mandates the advisory board request the state retirement and investment office to arrange preparation of a fiscal impact statement if the board determines the measure or policy will have a fiscal impact on the fund
  • Requires fiscal impact statements be prepared by an independent consultant paid by the state retirement and investment office
  • Fiscal impact statements must include estimated fiscal impact for the next biennium and the next ten bienniums
  • Statement must be submitted to the advisory board before the measure or policy is acted upon

Legislative Description

Fiscal impact statements for a measure or policy affecting the legacy fund.

Last Action

Second reading, failed to pass, yeas 24 nays 67

1/22/2021

Committee Referrals

Finance and Taxation1/11/2021

Full Bill Text

No bill text available