Legacy and Budget Stabilization Fund Advisory Board

Membership Information

Membership

Committees

Legacy and Budget Stabilization Fund Advisory Board

Number Of Members:

Members

Senator
Jerry Klein
District 14 | R
Chairman
Representative
Glenn Bosch
District 30 | R
Vice Chairman
Representative
Keith Kempenich
District 39 | R
Representative
Jonathan Warrey
District 22 | R
Senator
Kathy Hogan
District 21 | D
Senator
Scott Meyer
District 18 | R

Committee Citizen Members

Thomas
Beadle
State Treasurer
Brian
Kroshus
Tax Commissioner
Don
Morgan
President, Bank of North Dakota
Susan
Sisk
Director, Office of Management and Budget

Staff

Adam
Mathiak
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November 12, 2024 - 1:00 pm to 3:30 pm CST

March 20, 2024 - 1:30 pm to 4:00 pm CDT

December 13, 2023 - 1:00 pm to 3:30 pm CST

June 21, 2023 - 10:00 am to 3:15 pm CDT

December 6, 2022 - 3:00 pm to 5:00 pm CST

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Committee Studies and Assignments

Duties

Develop recommendations for the investment of funds in the legacy fund and the budget stabilization fund to present to the State Investment Board. (NDCC § 21-10-11)

Review any legislative, initiated, or referred measure for asset allocation and investment policy affecting the legacy fund for purposes of requesting the Retirement and Investment Office arrange for the preparation and submission of a cost-benefit analysis. The Legislative Management shall append a cost-benefit analysis to any measure affecting the legacy fund before it is referred to a committee of the Legislative Assembly. The Legislative Management shall adopt a procedure for identifying measures and proposed measures affecting the legacy fund. (2023 House Bill No. 1227 § 1) (NDCC § 54-03-35)