This bill proposes the creation of two new sections to chapter 54-11 of the North Dakota Century Code, focusing on the management of moneys in the state treasury and establishing a cash management board. The state treasurer, in collaboration with the Bank of North Dakota and the cash management board, is tasked with reviewing and potentially developing policies for managing state treasury funds, which include the general fund and special funds, while excluding certain trust funds. The cash management board is established to enhance transparency regarding the state's financial position, assess cash flow characteristics, and improve cash management practices across state agencies.

The cash management board will consist of various members, including the governor or their designee, the director of the office of management and budget, the president of the Bank of North Dakota, and appointed legislative members. The board is responsible for developing policies aimed at preserving principal and ensuring liquidity while maximizing returns based on acceptable risk levels. Additionally, the board is required to provide at least one report each fiscal year to the budget section. This act is set to expire on June 30, 2028.