Legacy and Budget Stabilization Fund Advisory Board

Membership Information

Membership

Committees

Legacy and Budget Stabilization Fund Advisory Board

Number Of Members:

Members

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

Committee Citizen Members

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

Staff

Adam
Mathiak

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)