The bill amends section 37-14-14 of the North Dakota Century Code, which pertains to the veterans' postwar trust fund. It establishes the fund as a permanent trust fund of the state, 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 for programs that benefit veterans or their dependents. Notably, the income earned in a biennium is appropriated to the administrative committee on veterans' affairs for use in the following biennium, rather than the biennium in which it is 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 veteran homelessness. This inclusion emphasizes the state's commitment to addressing the issue of homelessness among veterans and enhances the funding sources available for 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