Latest Breaking News On - Budget stabilization advisory - Page 1 : comparemela.com

(Bismarck, ND)  Governor Burgum signed into law Thursday a bill brought forward this session that encourages investment of Legacy Fund dollars directly into the state. The bill, which is part of a group of Legacy Fund bills, designates 20% of the Legacy Fund principal (roughly $1.4B) for investment in North Dakota. The goal is to change the current investment strategy to better align with what the people of North Dakota expect: principal preservation while maximizing total return and providing direct benefit to the state. Currently, the State Investment Board oversees the investment of the Legacy Fund and uses fund managers to invest these dollars at the direction of the Legacy and Budget Stabilization Advisory Board. The existing Legacy Fund investment allocations include 50% going to equity investments (30% domestic and 20% international), 35% to fixed income investments, and 15% to real assets. Only 1.2% is currently invested in state through a Bank of North Dakota CD match p

North dakotaUnited statesJon godfreadMike natheLegacy fundSenate majority leader rich wardnerGovernor burgumState investment boardBudget stabilization advisoryThese north dakotaRepresentative mike natheMajority leader rich wardnerCommissioner jon godfreadவடக்கு டகோட்டாஒன்றுபட்டது மாநிலங்களில்மைக் ணாதே