North Dakota's Legacy Fund was created by a constitutional amendment that was initiated by the state legislature and approved by voters. The State Investment Board (SIB) is responsible for administration of the fund. The Legacy and Budget Stabilization Fund Advisory Board serves as the client board and determines the asset allocation.
Thirty percent of the taxes on petroleum produced and extracted in North Dakota are transferred to the Legacy Fund monthly. At the end of each biennium, the fund earnings (as defined by NDCC 54-27-32) are transferred to the state's general fund where they are used to finance a portion of state projects and provide tax relief.
Below are monthly financial statements and investment performance reports for the Legacy Fund. Note that these monthly figures are preliminary and subject to change. Fiscal year-end reports (June 30) include information used in RIO’s annual financial audit. Final audit reports and additional disclosures are available on the Publications webpage.
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Financial Statements
Performance Reports
Investment Performance Quarterly Review
- Visit Publications - SIB Investment Reports for recent reports