ND SB2372

Creates a legacy earnings fund in the state treasury to receive distributions from the constitutional legacy fund, with biennial distributions on July 1 of odd-numbered years equal to 8% of the five-year average legacy fund balance

Allocates seven-eighths of legacy earnings in priority order: first $102.6 million to debt service payments, next $225 million to general fund for tax relief, next $100 million to highway distribution fund, with remaining split 50% to general fund and 50% to strategic investment and improvements fund

Directs one-eighth of legacy earnings to the legacy earnings highway distribution fund, which distributes 60% to state highways, 10% to township highway aid, 1.5% to public transportation, and 28.5% to cities and counties for roadway purposes

Removes the legacy earnings fund from the list of funds invested by the state investment board and repeals existing legacy fund definition and earnings fund provisions in sections 21-10-12 and 21-10-13

Effective July 1, 2025, and declared an emergency measure