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HB 1211

Bill Details

FINANCE. Investment of NDDVA Veterans Aid Loan Fund and PWTF Spendable Income Fund

Pre-approved by Commissioner, ACOVA and NDVLC

A BILL for an Act to amend and reenact sections 37-14-03 and 37-14-14 of the North Dakota Century Code, relating to the veterans' aid fund and veterans' postwar trust fund; and to declare an emergency.

This Bill would...

  • Allow the ND State Treasurer to invest the fund balance in a safe manner to maximize interest rate. 
  • Intent is to allow for investment in CD's outside the Bank of North Dakota.

HOUSE AMENDMENTS & ACTIONS

  • Committee recommended DO PASS 13-0-1 HJ 416
  • PASSED HOUSE 91-0-3. Emergency Clause Carried.  HJ 521

SENATE AMENDMENTS & ACTIONS

  • 2/9/2021: Received in Senate SJ 436
  • Committee recommended DO PASS 7-0-0 SJ 793
  • PASSED Senate 45-1 Emergency clause Carried SJ 803
  • Signed by Senate President 3/10/2021 SJ 829
  • Signed by House Speaker 3/11/2021 HJ 1121

Signed by Governor 3/17/2021 HJ 1175

Fiscal note: Potential for higher returns on investment

Bill Status

January 22, 2021
  • Committee Hearing: Pioneer Room 8:30am
March 4, 2021
  • Committee Hearing JW216 2:15pm
Tuesday, January 12, 2021