North Dakota Legacy Fund Approaches 1 Billion

Posted on 04/08/2013


North Dakota’s Legacy Fund is nearing US$ 1 billion in fund assets. Voter approved in 2010, the commodity fund receives 30% of North Dakota’s oil tax collections. Fund money cannot be spent until 2017 and a two-thirds vote of the state legislature must approve. Most of the fund is currently invested in short-term low-risk U.S. […]