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 the establishment of 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.

Additionally, the bill outlines the composition and responsibilities of the cash management board, which includes members from the executive and legislative branches. The board is responsible for developing policies aimed at preserving principal, ensuring liquidity, and maximizing returns while managing risks. It is also mandated to provide at least one report each fiscal year to the budget section. The bill is set to expire on June 30, 2028, after which it will become ineffective.