Panel seeking ideas to spend oil tax money likely to remain

State News
law, justice, gavel, law books, courtroom_2745713082101505-159532

BISMARCK, N.D. (AP) — 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 the 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 to 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.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Recent Videos

Minot State Basketball

Class B Basketball

High school basketball

Nationwide ammo shortage hits ND

Game warden scholarship available

Special Wishes 4

WDA Swimming

Rep. O'Brien releases statement

FNF pt. 1

FNF Pt 2

The Meeting Space

KX Convo: Tigirlily

Friday, February 26th, 2021 - KX Storm Team Evening Forecast - Dave Holder

New England Growing

Black History Wrap-Up

Thank a Resident Day

KX Storm Team Full Evening Forecast w/Tom Schrader 2/26

Wrigley Stepping Down

Drug Bust

Year in Parks

More Video

Don't Miss

More Don't Miss

KX News Trending Stories

Latest Stories

More Local News