The bill amends section 15-01-02 of the North Dakota Century Code, which outlines the powers of the board of university and school lands. It reaffirms the board's full control over various aspects of public lands and permanent funds, including the selection, management, and investment of lands and funds related to common schools and other educational institutions. The board is also granted authority over the proceeds from public land sales and escheated properties, as well as the ability to make refunds for errors related to property management.

Additionally, the bill introduces new provisions that grant the board the authority to adopt necessary policies and rules to fulfill its responsibilities in accordance with applicable statutes. This insertion aims to enhance the board's operational framework and ensure compliance with legal requirements. Overall, the bill seeks to clarify and expand the powers of the board while maintaining its existing responsibilities regarding public lands and educational funding.

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