LEGACY FUND

Gov. Doug Burgum Signs Legacy Fund Investment Bill

BISMARCK, N.D. — Gov. Doug Burgum is signing a bill that’s aimed at creating a broader investment policy for the state’s voter-approved oil tax savings account. The bill sets targets for investing a greater portion of the Legacy Fund principal in North Dakota. It requires that the State Investment Board give preference to qualified investment firms with a presence in…

Gov. Burgum says ND is “full of boundless opportunity” at State of the State

The Governor talked about the current state budget, initiatives to improve the state and suggests how to invest in Legacy Funds

GRAND FORKS, N.D. — With strong agricultural and energy resources and a growing population, Governor Doug Burgum painted North Dakota as an optimistic place to be during his 2020 address. “The state of our state today is that it is strong, it’s growing and it’s full of boundless opportunity,” Burgum explained. After a revenue shortfall that nearly drained the state’s…

Bill Would Allows Loans Out Of Legacy Fund For Roads And Bridges

Two Republican Minot Lawmakers Proposed The Legislation

BISMARCK, N.D. — Part of North Dakota’s oil tax savings account could be used to make low-interest loans to communities facing big and expensive infrastructure projects. Backers of the Republican drafted legislation want to use up to 15 percent of the Legacy Fund’s principal every two years for projects such as flood protection and water systems. Two Minot lawmakers are…