Supporters of in-state investment, including lawmakers, bankers and economic development agencies, have expressed frustration that the 7% of the oil tax savings account earmarked for investment in North Dakota companies hasn't yet been put to use.
Under Rep. Keith Kempenich's direction, the board drew criticism for perceived delays in the rollout of an in-state investment program using North Dakota's voter-approved Legacy Fund. On Wednesday, the panel elected Sen. Jerry Klein as chairman, demoting Kempenich to vice-chairman.
BISMARCK, N.D. (AP) — A longtime lawmaker and retired grocer was chosen Wednesday to head an advisory board developing guidelines for in-state investments from North Dakota’s voter-approved oil tax savings
BISMARCK, N.D. (AP) A longtime lawmaker and retired grocer was chosen Wednesday to head an advisory board developing guidelines for in-state investments from North Dakota’s voter-approved oil tax savings account.