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HB 1504

Insurance; Insurance Act of 2025; effective date.

2025 Regular Session Introduced by Mark Tedford

Funds from the veterans postwar trust fund will be used for programs aiding veterans/dependents, with a new $2,360,180 appropriation for homeless-veteran services (2025–2027).

Second Reading referred to Rules
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Bill Summary · HB 1504

Summary — HB 1504 (North Dakota)

AN ACT to amend and reenact section 37-14-14 of the North Dakota Century Code, relating to the veterans' postwar trust fund; and to provide an appropriation.

Purpose and intent

HB 1504 clarifies the purpose and administration of the state's Veterans' Postwar Trust Fund, authorizes veteran service organizations to contribute to that fund specifically for homeless‑veteran services, and provides a targeted appropriation to support prevention and elimination of veteran homelessness.

Key provisions

  • Amends NDCC § 37‑14‑14 (Veterans' postwar trust fund):

    • Reaffirms that the veterans' postwar trust fund is a permanent state trust and consists of moneys transferred or credited under law.
    • Confirms that the State Treasurer is responsible for investment of the fund and its investment income only in accordance with chapter 21‑10.
    • States that all income from investments is to be used solely for programs benefiting veterans or their dependents.
    • Provides that income earned in a biennium is appropriated on a continuing basis to the Administrative Committee on Veterans' Affairs in the following biennium for authorized expenditures (i.e., income is not expended in the same biennium it is earned).
    • Adds a new subsection permitting a “veterans organization” (as defined in NDCC § 53‑06.1‑01) to donate funds to the veterans' postwar trust fund specifically for homeless‑veteran services to prevent and eliminate homelessness.

  • Appropriation:

    • Appropriates $2,360,180 from the general fund to the veterans' postwar trust fund for providing homeless veterans' services to prevent and eliminate homelessness for the biennium beginning July 1, 2025, and ending June 30, 2027.

Other related/earlier provisions (committee consideration)

  • An earlier version and committee report proposed amending NDCC § 53‑06.1‑12 to require the Attorney General to deposit 50% of gaming taxes, monetary fines, and penalties collected from veteran organizations equally between the veterans' postwar trust fund and the Department of Veterans Affairs (fund 410) for homeless‑veteran services. That allocation language appeared in committee drafts but is not part of the core § 37‑14‑14 amendment that establishes donation authority and the appropriation in the final engrossed/enrolled text provided.

Who is affected

  • Veterans and their dependents — will benefit from investment income and the new appropriation directed to homeless‑veteran services.
  • Veterans service organizations — may now make donations specifically earmarked for homeless‑veteran services to the trust fund.
  • Administrative Committee on Veterans' Affairs — receives appropriation authority for expenditure of trust income in the following biennium.
  • State Treasurer — continues to manage investments under existing law (chapter 21‑10).
  • Department of Veterans Affairs (fund 410) — could have been affected if the gaming‑tax allocation provision were adopted.

Timeline / procedural notes

  • The appropriation covers the 2025–2027 biennium (July 1, 2025 – June 30, 2027).
  • According to the supplied documents, the bill was enrolled and the text including the appropriation is reflected in engrossed/enrolled versions; documents show the bill was filed with the Secretary of State on April 3, 2025.

If you want, I can:
- Pull the exact statutory language added to NDCC § 37‑14‑14 for side‑by‑side comparison with the current code; or
- Draft a one‑page explainer focused solely on the appropriation’s likely programmatic uses and potential fiscal impacts.

Compiled from official sources — confirm details with the bill’s official record.

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