2025-2026 Regular SessionNorth Dakota Legislature

HB1435: Legacy fund definitions and a legacy earnings fund; to provide an effective date; and to declare an emergency.

Legislative Summary

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.

Demographic Impact

Overall analysis of equity impact

70% Positive
Low ConfidenceView detailed demographic breakdown ↓

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Bill History

1/15/2025
Introduced, first reading, (emergency), referred to Finance and Taxation
House of Representatives
2/5/2025
Committee Hearing 10:30 (Finance and Taxation)
House of Representatives
2/10/2025
Reported back, do not pass, placed on consent calendar 13 0 1
House of Representatives
2/12/2025
Second reading, failed to pass, yeas 4 nays 87
House of Representatives

Roll Call Votes

House Second reading
2/12/2025
4
Yea
87
Nay
0
Not Voting
3
Absent
Result: FAILED

Status Information

Current Status
Introduced(1/15/2025)
Chamber
House of Representatives

Documents

Introduced
Bill Text1/15/202560.9 KB