Falling Oil Prices Curtail Growth Rate of North Dakota Legacy Fund

Posted on 01/12/2015


Approved by state voters and formed in 2011, the North Dakota Legacy Fund is funded by oil and gas tax revenue. The falling price of oil is negatively affecting US-based commodity funds by reducing future flows. Under Article 10, Section 26 of the North Dakota Constitution, 30% of state revenue derived from North Dakota’s oil […]