BISMARCK, N.D. - A longtime lawmaker has been chosen to head an advisory board developing guidelines for in-state investments from North Dakota's vote.
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.
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.
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.
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.