Amended resolution would have committee study uses of Legacy Fund earnings

While nothing is set in law yet, the legislature appears headed toward taking time to study how to best use Legacy Fund earnings. The uses of this already-large ($5.6 billion) and still-growing pile of money are sure to be a legislative topic far into the future. Jack Dura with the Bismarck Tribune has the details

Read & Share   sourced from: Bismarck Tribune

ND attorney general says state can start tapping Legacy Fund earnings in 2017

June 30, 2017, is an important date for the state’s Legacy Fund. After that, earnings from the fund can be transferred to the state’s general fund. Earnings from prior to that are considered part of the principal and can only be spent by two-thirds majority vote in both houses of the legislature. The fund currently

Read & Share   sourced from: InForum

North Dakota’s Legacy Fund Diversifies Investments

  The financial state of North Dakota is strong right now with more than $3.2 billion in the legacy fund, and the manner in which that money is managed and invested is helping it grow. But as always, it’s a delicate balance between risk and reward.

Read & Share   sourced from: KMOT News