Lawmakers right to study Legacy Fund earnings
Although it was set in motion when legislation failed to address use of Legacy Fund earnings during this year’s legislative session, it was still an important step for North Dakota’s Legislative Management committee to make sure to include the item in 46 study topics to be examined for possible inspiration for bills in two years. The study was one of 15 mandated by the Legislature.
Once again use of Legacy Fund earnings is likely to be a subject of debate in the next legislative session and probably the subject of proposed bills.
The Legacy Fund was approved by voters as an oil tax savings account and while there are strong restrictions on using the fund itself, earnings from the fund can now be accessed and utilized by the Legislature.
This year, many legislators had ideas for use of Legacy Fund earnings. So did Gov. Doug Burgum, who offered up a list of what he considered “legacy” projects, including the proposed Teddy Roosevelt Library.
Read more: https://www.minotdailynews.com/opinion/editorials/2019/05/lawmakers-right-to-study-legacy-fund-earnings/
(Minot Daily News)