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. The total special funds appropriated amount to $16,547,594, which includes base level enhancements for salaries and wages, operating expenses, and contingencies. Notably, the bill introduces a new line item for "Base Level Enhancements Appropriation" and allocates $200,000 for contingencies. Additionally, it establishes a new and vacant FTE pool with a budget of $470,466, increasing the total full-time equivalent positions to 35.

Furthermore, the bill outlines one-time funding items that are not part of the base budget for the 2027-29 biennium, specifically allocating $250,000 for information technology consulting. The retirement and investment office is restricted from spending funds from the new and vacant FTE pool but may request a transfer of these 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