BISMARCK, N.D. – The Legislature is set to continue a committee that’s studying ways to spend earnings from North Dakota’s voter-approved oil tax savings account.
The Legacy Fund Earnings Committee got approval by the House and is poised to get the OK in the Senate. The 11-member committee includes Senate and House majority and minority leaders. The committee was formed years ago and has held several meetings around the state but has not yet developed a plan for Legacy Fund earnings.
The fund has held about $8 billion and is expected to earn about $500 million in the next budget cycle.
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