Talk:North Dakota Legacy Fund

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Hello! I am the author of this article. I am familiar with the legacy fund, and will do my best in this "Talk" post to suggest an outline for this article:

1. Sovereign Wealth Funds in North Dakota There are several sovereign wealth funds in North Dakota. (See: https://www.treasurer.nd.gov/north-dakota-government-funds ). In North Dakotan parlance, these are referred to as "buckets" which are refilled each biennium. Here, I will describe the largest funds in hopes that someone who is more skilled in writing Wikipedia articles can translate this outline into the formal article.

→Common Schools Trust Fund This "bucket" obtains its money from leasing state lands. Sources of revenue include leasing grazing rights, mineral interests, royalty payments, etc. (Source: https://www.nd.gov/dpi/news/trust-fund-payment-nd-schools-rising-3#:~:text=The%20Common%20Schools%20Trust%20Fund,education%20of%20North%20Dakota%20students. ). The money is used to alleviate the local tax burden for funding public schools.

→The Strategic Investment and Improvements Fund (SIIF) "SIIF" (rhymes with "GIF"). This fund "holds the revenue from assets and collections earned from 758,000 sovereign mineral acres, including those formerly owned by the Bank of North Dakota and State Treasurer and minerals located under navigable rivers and lakes." (Source: https://www.treasurer.nd.gov/north-dakota-government-funds ). SIIF provides one-time expenditures relating to improving state infrastructure or for initiatives to improve the efficiency and effectiveness of state government. Id.

→The Budget Stabilization Fund This fund captures budget surpluses and holds the funds over for use in the next biennium, with a goal towards balancing the state's budget. (https://www.treasurer.nd.gov/north-dakota-government-funds)

I will add to this talk page periodically. Jborgzz (talk) 17:25, 19 June 2021 (UTC)[reply]