The bill amends section 37-14-14 of the North Dakota Century Code to clarify the structure and purpose of the veterans' postwar trust fund. It establishes the fund as a permanent trust consisting of moneys transferred or credited under relevant laws, with the state treasurer responsible for its investment in accordance with chapter 21-10. The bill specifies that all income generated from these investments is to be used exclusively for programs benefiting veterans or their dependents. Furthermore, it mandates that income earned in a biennium is appropriated to the administrative committee on veterans' affairs for use in the subsequent biennium, rather than the biennium in which it was earned.

Additionally, the bill introduces a provision allowing veterans organizations, as defined under section 53-06.1-01, to donate funds specifically to the veterans' postwar trust fund for services aimed at preventing and eliminating homelessness among veterans. This inclusion emphasizes the commitment to addressing veteran homelessness and enhances the fund's capacity to support related services.

Statutes affected:
INTRODUCED: 53-06.1-12
Adopted by the House Finance and Taxation Committee: 37-14-14
FIRST ENGROSSMENT: 37-14-14
Prepared by the Legislative Council staff for House Appropriations Committee: 37-14-14
SECOND ENGROSSMENT: 37-14-14
Enrollment: 37-14-14