STATE INVESTMENT BOARD

ND Emergency Commission discusses $1.3 million in staff bonuses, but takes no action

Rep. Don Vigesaa, R-Cooperstown, speaks during a Dec. 2, 2025, meeting of the North Dakota Emergency Commission. At right is House Majority Leader Mike Lefor, R-Dickinson. (Mary Steurer/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — A proposal to give roughly $1.3 million in bonus pay for 12 Retirement and Investment Office employees took a step forward Tuesday after officials had…

Gov. Armstrong new chair of State Investment Board

Gov. Kelly Armstrong, center-right, speaks to reporters next to Lt. Gov. Michelle Strinden, right, after holding his first Cabinet meeting in the governor’s conference room at the Capitol on Dec. 16, 2024. (Michael Achterling/North Dakota Monitor)BISMARCK, N.D. (KVRR) — The North Dakota State Investment Board elected Gov. Kelly Armstrong as the new chair. While state statute gives the governor a…

North Dakota has millions of dollars in investments tied to Russia

BISMARCK, N.D. (KVRR) – Gov. Doug Burgum’s office has released a tally of state investments with ties to Russia. The State Investment Board will hold a special meeting Thursday to discuss the matter. “We must do our part to limit the financial resources at Russia’s disposal to discourage these unprovoked and heinous acts of aggression” Burgum said. The governor’s office…

State Investment Board to discuss North Dakota Legacy Fund investments in Russia

BISMARCK, N.D. (KVRR) – The North Dakota State Investment Board will hold a special meeting Thursday to discuss the state’s Legacy Fund investments in Russia. Gov. Doug Burgum says that while North Dakota owns bonds originally issued by the Russian Federation, the state purchased those bonds from a third party on the secondary market, so the proceeds of the sale…

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…