This bill proposes the creation of a new section in chapter 21-10 of the North Dakota Century Code, establishing a legacy fund disclosure website. The state investment board is tasked with maintaining a publicly accessible platform that provides detailed information about all legacy fund investments. This includes a comprehensive list of companies, funds, and other financial mechanisms in which the legacy fund is invested, ensuring compliance with state and federal laws.
Additionally, the bill allows the state retirement and investment office to allocate funds for the development and maintenance of the website, within the limits of legislative appropriations. This initiative aims to enhance transparency and accountability regarding the management of the legacy fund, making investment information readily available to the public.