Plain Talk: Lawmaker Wants to Use the Legacy Fund to Address North Dakota’s Legacy Problems
North Dakota’s Legacy Fund, since it was created by the Legislature and approved by voters in 2010, has turned a slice of the state’s oil tax revenues into a nearly $8 billion pot of money.
That balance is invested in stocks and bonds across the nation, and the world, including in some ways that, as a moral matter, we shouldn’t be happy about.
Almost none of the Legacy Fund is invested in North Dakota.
Rep. Mike Nathe, a Bismarck Republican, wants to change that.
