North Dakota voters approved the measure which created a perpetual source of state revenue from the finite national resources of oil and natural gas. The Legacy ...

The North Dakota Legacy Fund is a sovereign wealth fund of the U.S. state of North Dakota. Contributions to the fund must include "[t]hirty percent of total ...

The Legacy Fund, North Dakota's sovereign wealth fund, is a strategic asset dedicated to securing long-term financial stability that will allow North Dakotans ...

21 окт. 2024 г. · The North Dakota Legislature passed a bill in 2021 requiring the state to invest a certain amount of the Legacy Fund into the state. North ...

North Dakota's government first proposed the Legacy. Fund in 2008. Following a statewide vote approving a constitutional amendment, it was established in 2010 ...

The North Dakota legacy fund was created in 2010 when the voters of North Dakota approved a constitutional amendment--now Article X, Section 26, ...

5 авг. 2024 г. · It invests money from the state's Legacy Fund — which is made up of revenue from oil taxes — into private capital. Private capital refers to ...

18 июн. 2024 г. · The state's Legacy Fund, originally constructed as a “rainy day” fund to help provide a revenue source to cover state expenses after oil and gas revenue ...

North Dakota Century Code Section 21-10-12 provides that the investment earnings are the realized earnings of the fund. Unrealized earnings remain in the fund.

It differs from other constitutional and state special funds in that. North Dakota voters established the Legacy Fund to safeguard a portion of oil and gas ...