North Dakota Legacy Fund
|United States – North Dakota||US$ 716 million|
Transparency Rating: 6
View Sovereign Fund Transaction Data
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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.: $1,023
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.
Strategy & Objectives
Currently, the fund is managed in conservative investments.