HB 1211 - FINANCE-PWTF - Investment of NDDVA Veterans Aid Loan Fund and PWTF Spendable Income Fund - 2021 | ND Department of Veterans Affairs

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FINANCE. Investment of NDDVA Veterans Aid Loan Fund and PWTF Spendable Income Fund

Pre-approved by Commissioner, ACOVA and NDVLC

A BILL for an Act to amend and reenact sections 37-14-03 and 37-14-14 of the North Dakota Century Code, relating to the veterans' aid fund and veterans' postwar trust fund; and to declare an emergency.

This Bill would...

Allow the ND State Treasurer to invest the fund balance in a safe manner to maximize interest rate.
Intent is to allow for investment in CD's outside the Bank of North Dakota.

HOUSE AMENDMENTS & ACTIONS

Committee recommended DO PASS 13-0-1 HJ 416
PASSED HOUSE 91-0-3. Emergency Clause Carried. HJ 521

SENATE AMENDMENTS & ACTIONS

2/9/2021: Received in Senate SJ 436
Committee recommended DO PASS 7-0-0 SJ 793
PASSED Senate 45-1 Emergency clause Carried SJ 803
Signed by Senate President 3/10/2021 SJ 829
Signed by House Speaker 3/11/2021 HJ 1121

Signed by Governor 3/17/2021 HJ 1175

Fiscal note: Potential for higher returns on investment

Additional Links

Bill Actions and Hearings Bill Versions Committee Testimony

Committee

House Government and Veterans Affairs Senate Government and Veterans Affairs

Session Year

67th Legislative Assembly - 2021

Asset Type

Category

Post War Trust Fund

Sponsor

Representative Jeffrey Magrum

Status

Fri, 01/22/2021 - 08:30

Committee Hearing: Pioneer Room Thu, 03/04/2021 - 14:15

Committee Hearing JW216