North Dakota · 69th Legislative Assembly (2025-26) · Bill

HB 1435: A BILL for an Act to create and enact a new section to chapter 54-27 of the North Dakota Century Code, relating to a legacy earnings fund; to amend and reenact subsection 1 of section 21-10-06 of the North Dakota Century Code, relating to funds invested by the state investment board; to repeal sections 21-10-12 and 21-10-13 of the North Dakota Century Code, relating to legacy fund definitions and a legacy earnings fund; to provide an effective date; and to declare an emergency.

In committee Last action February 12, 2025: Second reading, failed to pass, yeas 4 nays 87

Plain-language summary

HB 1435 is a bill introduced in the North Dakota House on January 15, 2025. According to its official title, it concerns: A BILL for an Act to create and enact a new section to chapter 54-27 of the North Dakota Century Code, relating to a legacy earnings fund; to amend and reenact subsection 1 of section 21-10-06 of the North Dakota Century Code, relating to funds invested by the state investment board; to repeal sections 21-10-12 and 21-10-13 of the North Dakota Century Code, relating to legacy fund definitions and a legacy earnings fund; to provide an effective date; and to declare an emergency. Primary sponsor: Keith Kempenich (Republican). It lists 4 additional sponsors. Most recent recorded action (February 12, 2025): Second reading, failed to pass, yeas 4 nays 87.

Sponsors

Primary sponsor: Keith Kempenich (Republican). 4 co-sponsors.