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

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