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IntroducedJan 11, 2023
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Passed HouseFeb 20, 2023
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Passed Senate
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Signed into Law
A BILL for an Act to amend and reenact sections 21-10-02, 21-10-06.1, 21-10-08.1, and subsection 10 of section 54-44.4-02 of the North Dakota Century Code, relating to the powers and duties of the state investment board, restrictions on perpetual contracts, required reports, and the prohibition on social investments; and to provide for a legislative management study.
Last Action See all actions
Senate • Mar 30, 2023: Second reading, failed to pass, yeas 10 nays 36
Latest Bill Text See all bill texts
Official Summary/Bill Text
Comments on HB 1278
Tweets
Whip Lists
Sponsors
Votes
YES: 92
- Anderson, B.
- Anderson, D.
- Anderson, K.
- Bahl
- Beltz
- Bosch
- Boschee
- Brandenburg
- Christensen
- Christy
- Conmy
- Cory
- Davis
- Dobervich
- Dockter
- Dyk
- Fegley
- Finley-DeVille
- Fisher
- Frelich
- Grueneich
- Hager
- Hagert
- Hanson
- Hatlestad
- Hauck
- Headland
- Heilman
- Heinert
- Henderson
- Holle
- Hoverson
- Ista
- Johnson, J.
- Jonas
- Karls
- Kasper
- Kempenich
- Kiefert
- Klemin
- Koppelman
- Kreidt
- Lefor
- Longmuir
- Louser
- Marschall
- Martinson
- McLeod
- Meier
- Mitskog
- Mock
- Monson
- Motschenbacher
- Murphy
- Nathe
- Nelson
- Novak
- O'Brien
- Olson, J.
- Olson, S.
- Ostlie
- Porter
- Prichard
- Pyle
- Richter
- Rios
- Roers Jones
- Rohr
- Ruby, D.
- Ruby, M.
- Sanford
- Satrom
- Schatz
- Schauer
- Schneider
- Schobinger
- Schreiber- Beck
- Steiner
- Stemen
- Strinden
- Swiontek
- Thomas
- Timmons
- Toman
- Tveit
- VanWinkle
- Vetter
- Vigesaa
- Wagner
- Warrey
- Weisz
- Speaker Johnson, D.
NO: 1
ABSENT: 1
NO: 36
ABSENT: 1
Actions
- Mar 30, 2023 | Senate
- Second reading, failed to pass, yeas 10 nays 36
- Mar 29, 2023 | Senate
- Reported back, do not pass, placed on calendar 5 0 0
- Mar 28, 2023 | Senate
- Committee Work, Senate Industry and Business, 03/28 10:17 AM, Room Fort Union - Committee Work: HB 1278
- Committee Hearing 10:17
- Mar 27, 2023 | Senate
- Committee Work, Senate Industry and Business, 03/27 11:17 AM, Room Fort Union - Committee Work: HB 1278
- Committee Hearing 11:17
- Mar 15, 2023 | Senate
- Bill Hearing, Senate Industry and Business, 03/15 11:00 AM, Room Fort Union - Relating to the powers and duties of the state investment board, restrictions on perpetual contracts, required reports, and the prohibition on social investments; and to provide for a legislative management study.
- Committee Hearing 11:00
- Mar 03, 2023 | Senate
- Introduced, first reading, referred to Industry and Business
- Feb 21, 2023 | Senate
- Received from House
- Feb 20, 2023 | House
- Amendment adopted, placed on calendar
- Second reading, passed, yeas 92 nays 1
- Feb 17, 2023 | House
- Committee Work, House Government and Veterans Affairs, 02/17 11:00 AM, Room Pioneer - Committee Work: Committee Work - HB 1278
- Committee Hearing 11:00
- Reported back amended, do pass, amendment placed on calendar 11 0 2
- Feb 09, 2023 | House
- Committee Work, House Government and Veterans Affairs, 02/09 11:15 AM, Room Pioneer - Committee Work: Committee Work - HB 1278
- Committee Hearing 11:15
- Feb 02, 2023 | House
- Bill Hearing, House Government and Veterans Affairs, 02/02 9:15 AM, Room Pioneer - Relating to the prudent investor rule; and to amend and relating to the state investment board and the legacy fund.
- Committee Hearing 09:15
- Jan 11, 2023 | House
- Introduced, first reading, referred to Government and Veterans Affairs
Documents
- Legislative HistoryPDF
- Fiscal Note (INTRODUCED)PDF
- Marked up (Adopted by the House Government and Veterans Affairs Committee)PDF
- Fiscal Note (FIRST ENGROSSMENT)PDF
- Video - House Government and Veterans Affairs, 02/02 09:23 AM (HB 1278)
- Video - House Government and Veterans Affairs, 02/02 09:23 AM (Representative Satrom - Testifying in support of HB 1278)
- Video - House Government and Veterans Affairs, 02/02 09:24 AM (Amendment proposed by Representative Satrom)
- Video - House Government and Veterans Affairs, 02/02 09:45 AM (Janilyn K. Murtha - From the ND Retirement & Investment Office - Testifying in opposition of HB 1278)
- Video - House Government and Veterans Affairs, 02/02 10:11 AM (Karen Tyler - State securities Commissioner - Testifying in opposition of HB 1278)
- Video - House Government and Veterans Affairs, 02/02 10:32 AM (Thomas Beadle -ND state treasurer - Providing neutral testimony on HB 1278)
- Video - House Government and Veterans Affairs, 02/02 10:52 AM (Hearing closed on HB 1278)
- Video - House Government and Veterans Affairs, 02/09 11:17 AM (Committee work on HB 1278)
- Video - House Government and Veterans Affairs, 02/17 11:01 AM (Committee Work on HB 1278)
- Video - House Government and Veterans Affairs, 02/17 11:03 AM (Janilyn Murtha - Executive Director for the Retirement investment office - Providing neutral testimony on HB 1278)
- Video - House Government and Veterans Affairs, 02/17 11:25 AM (Representative Steiner - Moved amendment #23.0455.01008)
- Video - House Government and Veterans Affairs, 02/17 11:25 AM (Representative Satrom - Seconded)
- Video - House Government and Veterans Affairs, 02/17 11:25 AM (Roll call vote on Amendment - Motion Passes - 11-0-2)
- Video - House Government and Veterans Affairs, 02/17 11:26 AM (Representative Vetter - Moved do pass as amended on HB 1278)
- Video - House Government and Veterans Affairs, 02/17 11:26 AM (Representative Bahl - Seconded)
- Video - House Government and Veterans Affairs, 02/17 11:28 AM (Roll call vote on Do Pass as Amended - Motion Passes - 11-0-2)
- Video - House Government and Veterans Affairs, 02/17 11:29 AM (Representative Satrom To carry the bill)
- Video - House, 02/20 02:35 PM (11th Order - Final Passage House Measures - HB1278 - Government and Veterans Affairs - Do Pass)
- Video - House, 02/20 02:36 PM (Representative Satrom)
- Video - House, 02/20 02:38 PM (11th Order - Final Passage House Measures - HB1278 - Government and Veterans Affairs - Do Pass - Votes Required 48: PASSED - Yea 92 Nay 1 N/V 1 Exc 0)
- Video - Senate Industry and Business, 03/15 11:31 AM (HB 1278)
- Video - Senate Industry and Business, 03/15 11:32 AM (Representative Satrom - Introduced the bill)
- Video - Senate Industry and Business, 03/15 11:39 AM (Janilyn Murtha - Executive Director - ND Retirement and Investment Office - Testified in Favor)
- Video - Senate Industry and Business, 03/15 11:52 AM (Sherry Neas - Director of Central Services Division - OMB - Neutral oral Testimony)
- Video - Senate Industry and Business, 03/15 11:56 AM (Hearing adjourned)
- Video - Senate Industry and Business, 03/15 11:58 AM (Adjournment)
- Video - Senate Industry and Business, 03/27 11:17 AM (HB 1278 - Committee Work)
- Video - Senate Industry and Business, 03/28 10:17 AM (HB 1278)
- Video - Senate Industry and Business, 03/28 10:17 AM (Senator Kessel - Moved Do Not Pass)
- Video - Senate Industry and Business, 03/28 10:18 AM (Senator Barta - Seconded the motion)
- Video - Senate Industry and Business, 03/28 10:19 AM (Roll call vote - 5-0-0 - Motion passed)
- Video - Senate Industry and Business, 03/28 10:20 AM (Senator Klein will carry the bill)
- Video - Senate Industry and Business, 03/28 10:20 AM (Committee discussion)
- Video - Senate Industry and Business, 03/28 10:25 AM (Adjourned)
- Video - Senate, 03/30 01:10 PM (14th Order - Final Passage House Measures - HB1278 - Industry and Business - Do Not Pass)
- Video - Senate, 03/30 01:11 PM (Senator Klein)
- Video - Senate, 03/30 01:11 PM (Senator Conley)
- Video - Senate, 03/30 01:13 PM (Senator Klein)
- Video - Senate, 03/30 01:14 PM (14th Order - Final Passage House Measures - HB1278 - Industry and Business - Do Not Pass - Votes Required 24: FAILED - Yea 10 Nay 36 N/V 1 Exc 0)
- Testimony (In Favor) -- Bernie Satrom, Proposed amendment, (House Government and Veterans Affairs, 02/02 09:15 AM)PDF
- Testimony (In Favor) -- Bernie Satrom, (House Government and Veterans Affairs, 02/02 09:15 AM)PDF
- Testimony (In Opposition) -- Janilyn K. Murtha, ND Retirement & Investment Office (ND Retirement & Investment Office), Bismarck, ND (House Government and Veterans Affairs, 02/02 09:15 AM)PDF
- Testimony (In Favor) -- Janilyn K. Murtha, ND Retirement & Investment Office (ND Retirement & Investment Office), Bismarck, ND (Senate Industry and Business, 03/15 11:00 AM)PDF
- Testimony (In Favor) -- Bernie Satrom, Legislative Assembly (Representative), Jamestown, ND (Senate Industry and Business, 03/15 11:00 AM)PDF