The bill amends sections 15-01-02 and 15-05-09 of the North Dakota Century Code, enhancing the powers of the Board of University and School Lands regarding the management of public lands and resources. Notably, it introduces a new provision granting the board the authority to adopt necessary policies and rules to fulfill its responsibilities in accordance with applicable statutes. Additionally, the board is given full control over the investment of permanent funds and the management of various lands, including those acquired through escheat or donations for educational purposes.

In terms of leasing, the bill allows the board to lease lands believed to contain a variety of natural resources, including oil, gas, coal, and critical minerals. It also empowers the board to cancel leases if a lessee is found to be obstructing resource development and to establish rules and regulations for drilling and mining operations. These amendments aim to streamline the board's operations and enhance its ability to manage state lands and resources effectively.

Statutes affected:
Prepared by the Legislative Council staff for Senator Patten: 15-01-02, 15-05-09
FIRST ENGROSSMENT: 15-01-02, 15-05-09
Enrollment: 15-01-02, 15-05-09