North Dakota Legacy Fund

United States – North Dakota US$ 1.7 Billion
Established: 2011
Transparency Rating: 6
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Origin: Oil & Gas
Firm Investment Style: N/A
Entity Structure: Fund
Pop Est.: 699,628 – 2013 ND
Wealth Per Capita Est.: $2,430
The North Dakota Legacy Fund is funded by oil tax revenue.

The principal and earnings of the legacy fund may not be expended until after June 30, 2017, and an expenditure of principal after that date requires a vote of at least two-thirds of the members elected to each house of the legislative assembly. Not more than fifteen percent of the principal of the legacy fund may be expended during a biennium.

The voters of the state of North Dakota (United States) approved a constitutional amendment to create the permanent fund. It will receive 30% of the state’s taxes on oil and gas production and extraction. It will be then transferred to a special fund in the state treasury.

Strategy & Objectives

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Key Executives and People

Main Office
ND Retirement and Investment Office
1930 Burnt Boat Drive
P.O. Box 7100
Bismarck, ND 58507-7100
United States
Tel: 701-328-9885
Fax: 701-328-9897

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