The Legacy Fund was created by a constitutional amendment in 2010. The amendment provides that 30% of oil and gas gross production and oil extraction taxes on oil produced after June 30, 2011, be transferred to the Legacy Fund. The State Investment Board (SIB) is responsible for the investment of the fund. The first Legacy Fund transfer was received by the SIB in September 2011. The ND Constitution also requires that all earnings accrued after June 30, 2017, must be transferred to the state’s general fund at the end of each biennium.
Balances listed below as of August 31, 2020.
**PLEASE NOTE: Monthly numbers are preliminary and subject to change.
Financial Statements
Performance Reports
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Investment Performance Quarterly Review - Callan
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Legacy Fund Asset Allocation and Spending Study - 4/2/2013
Upcoming EventsView All Events
October 2020 SIB Board Meeting (Virtual)
Friday, October 23, 2020 at 08:30 am
Categories: all, SIB MeetingsNovember 2020 SIB Board Meeting (Virtual)
Friday, November 20, 2020 at 08:30 am
Categories: all, SIB MeetingsDecember 2020 SIB Board Meeting (Tentative)
Friday, December 18, 2020 at 08:30 am
Categories: all, SIB MeetingsMarch 2021 SIB Board Meeting (Tentative)
Friday, March 26, 2021 at 08:30 am
Categories: all, SIB MeetingsRecent NewsView All News
SIB Press Release - Legacy Fund Investment
Categories: SIB News, all
State Investment Board raises Legacy Fund “In-State Investing Commitment” to a record high of $400 million with a new $100 million funding commitment
Bank of North Dakota to expand in-state loan program from $300 million to $400 million
May 2020 SIB Investment Newsletter
Categories: SIB News, all
The May 2020 Vested Interest is now available. Please review the information regarding TFFR and PERS Net Investment Returns.
Important Office Information Regarding COVID-19
Categories: TFFR Member News, TFFR Employer News, SIB News, all
ATTENTION: Visiting Our Office
Due to public health concerns related to the coronavirus outbreak (COVID-19) and Governor Burgum’s executive order, the ND Retirement and Investment Office (RIO) is closed to public visitors until further notice.
Teachers’ Fund for Retirement (TFFR) and State Investment Board (SIB) client services remain fully functional, but will primarily be delivered by electronic means. Our staff is transitioning to working remotely to avoid disruptions for TFFR members and SIB clients. We will continue to administer critical retirement and investment program operations, claims processing, and retiree payroll functions.
Please contact us by phone (1.800.952.2970 or 701.328.9885) or email us at rio@nd.gov. Thank you for your patience and support. Stay safe!
October 2019 SIB Investment Newsletter
Categories: SIB News, all
The October 2019 Vested Interest is now available. Please review the information regarding TFFR and PERS Investment Returns in Fiscal 2019 & a State Investment Board Member Update.
SIB Press Release - Legacy Fund Investment
Categories: all, SIB News
State Investment Board puts Legacy Fund investments to work for North Dakotans, makes changes to further improve performance
Board increases loan fund for new businesses by $100M, adopts best practice for defining Legacy Fund earnings