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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Separate ND board will manage oil trust fund

Posted on 25 February 2011

From Forbes.com: North Dakota’s new fund for surplus oil taxes may be getting its own investment board. The North Dakota Senate approved establishing a board to oversee investments of the Legacy Fund and another fund that’s called the Budget Stabilization Fund.
The board will have the governor, insurance commissioner and the state treasurer, and two members each from the North Dakota House and Senate. The legislators will not have voting rights………………………………………..Full Article: Source


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