This bill provides an appropriation for the retirement and investment office in North Dakota for the biennium from July 1, 2025, to June 30, 2027. It allocates a total of $16,547,594 from special funds, which includes base level enhancements for salaries and wages amounting to $12,091,995, operating expenses of $3,785,133, and contingencies of $200,000. The bill also establishes a new and vacant full-time equivalent (FTE) pool with an allocation of $470,466, increasing the total FTE positions from 34 to 35.

Additionally, the bill outlines one-time funding items that are not included in the base budget for the 2027-29 biennium, specifically for information technology consulting, which totals $250,000 from other funds. It also stipulates that the retirement and investment office cannot spend funds from the new and vacant FTE pool but may request a transfer of those funds to the salaries and wages line item as needed, subject to legislative assembly approval.

Statutes affected:
Prepared by the Legislative Council staff for Senator Bekkedahl: 21-10-11
Prepared by the Legislative Council staff for Senator Cleary: 21-10-11, 54-52.5-04
Prepared by the Legislative Council staff for Senate Appropriations - Human Resources Division Committee: 54-52.5-04