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
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