HB 1435 ND
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.
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Summary
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.
Sponsor (1)
- Keith Kempenich Republican · primary
4 coauthors / cosponsors
- Brad Bekkedahl Republican · cosponsor
- Greg Kessel Republican · cosponsor
- Scott Meyer Republican · cosponsor
- Jonathan Warrey Republican · cosponsor
Action history (4)
- Jan 15, 2025 Introduced, first reading, (emergency), referred Finance and Taxation Committee · lower
- Feb 5, 2025 Committee Hearing 10:30 · lower
- Feb 10, 2025 Reported back, do not pass, placed on consent calendar 13 0 1 · lower
- Feb 12, 2025 Second reading, failed to pass, yeas 4 nays 87 · lower
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