The bill amends and reenacts section 15-01-02 of the North Dakota Century Code, which outlines the powers of the board of university and school lands. The board is granted full control over various aspects of public lands and permanent funds, including the selection, appraisal, rental, sale, and management of lands designated for the support of common schools, as well as lands acquired through escheat or donations. Additionally, the board has authority over the investment of permanent funds derived from these lands and the proceeds from public land sales, as well as the management of gifts and donations intended for common schools.

A significant addition to the board's powers is the authority to adopt policies and rules necessary for fulfilling its responsibilities in accordance with relevant statutes. This insertion aims to enhance the board's operational framework and ensure compliance with existing laws. The bill also maintains the board's ability to award energy infrastructure and impact grants, with a stipulation that annual grants cannot exceed sixty percent of the biennial appropriation for such grants.

Statutes affected:
PREFILED: 15-01-02
INTRODUCED: 15-01-02