Bill
HB 1435
A BILL for an Act to create and enact a new section to chapter 54-27 of the North Dakota Century Code, relating to a legacy earnings fund; to amend and reenact subsection 1 of section 21-10-06 of the North Dakota Century Code, relating to funds invested by the state investment board; to repeal sections 21-10-12 and 21-10-13 of the North Dakota Century Code, relating to legacy fund definitions and a legacy earnings fund; to provide an effective date; and to declare an emergency.
69th Legislative Assembly (2025-26)
Introduced by Brad Bekkedahl and 4 co-sponsors
Creates a legacy earnings fund with a formulaic yearly distribution from the Legacy Fund (7% of a five-year average), funding debt service, tax relief, and other priorities.
Second reading, failed to pass, yeas 4 nays 87