2025-2026 Regular SessionNorth Dakota Legislature

SB2372: 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 section 6-09.4-10.1, subsection 1 of section 21-10-06, and section 54-27-19.3 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

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Bill History

1/27/2025
Introduced, first reading, (emergency), referred to Industry and Business
Senate
2/3/2025
Committee Hearing 10:30 (Industry and Business)
Senate
2/6/2025
Reported back, do pass 3 0 2
Senate
2/6/2025
Rereferred to Appropriations
Senate
2/11/2025
Committee Hearing 02:00 (Appropriations - Government Operations Division)
Senate
2/20/2025
Reported back, do not pass, placed on calendar 16 0 0
Senate
2/24/2025
Second reading, failed to pass, yeas 0 nays 47
Senate

Roll Call Votes

Senate Second reading
2/24/2025
0
Yea
47
Nay
0
Not Voting
0
Absent
Result: FAILED

Status Information

Current Status
Introduced(1/27/2025)
Chamber
Senate

Documents

Introduced
Bill Text1/27/202566.1 KB