Income - Expenses - Reimbursement - Creation of strategic investment and improvements fund - Legislative intent
N.D. Cent. Code § 15-08.1-08
in effect15-08.1-08. Income - Expenses - Reimbursement - Creation of strategic investment
and improvements fund - Legislative intent.
The income derived from the sale, lease, and management of the mineral interests acquired
by the board of university and school lands pursuant to this chapter and other funds as provided
by law must, after deducting the expenses of sale, lease, and management of the property, be
deposited in a fund to be known as the strategic investment and improvements fund. The
corpus and interest of such trust may be expended as the legislative assembly may provide for
one-time expenditures relating to improving state infrastructure or for initiatives to improve the
efficiency and effectiveness of state government. It is the intent of the legislative assembly that
moneys in the fund may be included in draft appropriation acts under section 54-44.1-06 and
may be appropriated by the legislative assembly, but only to the extent that the moneys are
estimated to be available at the beginning of the biennium in which the appropriations are
authorized.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t15c08-1.pdf#nameddest=15-08p1-08Fetched: 10/16/2026