This bill proposes the creation of two new sections to chapter 54-11 of the North Dakota Century Code, focusing on the management and investment of moneys in the state treasury and establishing a cash management and investment board. The state treasurer is tasked with developing policies for managing and investing these funds, which include the general fund and special funds, while excluding certain trust funds. The bill outlines specific responsibilities for the state treasurer, including applying the prudent investor rule, properly accounting for investments, and preparing an annual report on investment performance. Additionally, it prohibits the treasurer from making social investments or personally profiting from these transactions, with violations classified as a class A misdemeanor.

The bill also establishes the cash management and investment board, which will develop policies for the management and investment of state treasury moneys. The board's goals include ensuring principal preservation, adequate liquidity for cash flow needs, and maximizing returns while managing risk. It will create a priority list for cash resource management and determine investment policies for liquid and invested reserves. The board will consist of various state officials and legislative members, who will receive compensation and expense reimbursement. Furthermore, the board is required to provide at least one report each fiscal year to the budget section, ensuring transparency and accountability in the management of state funds.