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 from land sales, proceeds from escheated properties, and any gifts for the maintenance of common schools. The bill also allows the board to expend funds for refunds in cases of errors and to award energy infrastructure and impact grants, with certain limitations on the amount awarded annually.

A significant addition to the board's powers is the authority to adopt policies and rules necessary for fulfilling its responsibilities in accordance with applicable statutes. This insertion aims to enhance the board's operational effectiveness and ensure compliance with legal requirements. Overall, the bill seeks to clarify and expand the board's authority in managing public lands and funds, while also establishing a framework for grant distribution and policy development.

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