North Dakota legislation · 69th Legislative Assembly
North Dakota SB2151: A BILL for an Act to create and enact two new sections to chapter 54-27 of the North Dakota Century Code, relating to a county and township bridge fund and a legacy earnings tax relief fund; to amend and reenact section 21-10-13 of the North Dakota Century Code, relating to the legacy earnings fund; to provide a statement of legislative intent; to provide an appropriation; and to provide an expiration date.
Status: Failed, February 24, 2025
Relating to a county and township bridge fund and a legacy earnings tax relief fund; to amend and reenact section 21‑10‑13 of the North Dakota Century Code, relating to the legacy earnings fund; to provide a statement of legislative intent; to provide an appropriation; and to provide an expiration date.
What the bill says
A bill for an Act to create and enact two new sections to chapter 54-27 of the North Dakota Century Code, relating to a county and township bridge fund and a legacy earnings tax relief fund; to amend and reenact section 21-10-13 of the North Dakota Century Code, relating to the legacy earnings fund; to provide a statement of legislative intent; to provide an appropriation; and to provide an expiration date.
From the introduced text, January 7, 2025:
A BILL for an Act to create and enact two new sections to chapter 54-27 of the North Dakota Century Code, relating to a county and township bridge fund and a legacy earnings tax relief fund; to amend and reenact section 21-10-13 of the North Dakota Century Code, relating to the legacy earnings fund; to provide a statement of legislative intent; to provide an appropriation; and to provide an expiration date. BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: SECTION 1. AMENDMENT. Section 21-10-13 of the North Dakota Century Code is amended and reenacted as follows: 21-10-13. Legacy earnings fund - State treasurer - Transfers. 1. There is created in the state treasury the legacy earnings fund. The fund consists of all moneys transferred to the fund under subsection 2 and all interest and earnings upon moneys in the fund. 2. Any legacy fund earnings transferred to the general fund at the end of each biennium in accordance with section 26 of article X of the Constitution of North Dakota must be immediately transferred by the state treasurer to the legacy earnings fund. 3. For each biennium subsequent to the biennium in which the legacy fund earnings are transferred under subsection 2, the amount available for appropriation from the legacy earnings fund is seven percent of the five-year …