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. The state treasurer is given full authority to invest the fund in accordance with chapter 21-10, with all income generated from these investments designated solely for programs that benefit veterans or their dependents. Notably, the bill specifies that income earned in a biennium will be appropriated for expenditure in the following biennium, rather than the year it is earned.

Additionally, the bill introduces a provision allowing veterans organizations, as defined under section 53-06.1-01, to donate funds specifically for services aimed at preventing and eliminating homelessness among veterans. This inclusion emphasizes the state's commitment to addressing veteran homelessness and enhancing support services for this vulnerable population.

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