North Dakota Century Code Title 54. State Government § 54-03-35. Legacy fund--Cost-benefit analysis--Legacy and budget stabilization fund advisory board--State retirement and investment office--Legislative management procedures

1. The legacy and budget stabilization fund advisory board shall review any legislative, initiated, or referred measure for asset allocation and investment policy affecting the legacy fund. If the advisory board determines the measure or policy affects the legacy fund, the advisory board shall request the state retirement and investment office to arrange for the preparation and submission of a cost-benefit analysis.

2. The cost-benefit analysis must:

3. If the legislative management determines a legislative measure affects the legacy fund, the measure may not be referred to a committee of the legislative assembly unless a cost-benefit analysis is appended to that measure.

4. The legislative management shall adopt a procedure for identifying measures and proposed measures affecting the legacy fund. The procedure must include solicitation of draft measures and proposals during the interim between legislative sessions from legislators and agencies with bill introduction privileges and must include deadlines for identification of the measures or proposals. If the legacy and budget stabilization fund advisory board has not requested a cost-benefit analysis for a measure or proposed measure, the legislative management shall request the state retirement and investment office to arrange for the preparation and submission of a cost-benefit analysis.