This bill establishes two new sections in chapter 54-11 of the North Dakota Century Code, focusing on the management of state treasury funds and the creation 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 moneys in the state treasury, which includes the general fund and special funds, while excluding certain trust funds. The cash management board is created 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 state officials, including the governor or their designee, the director of the office of management and budget, and representatives from the legislature. 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, after which it will become ineffective.