North Dakota Constitutional Measure 3, Legacy Fund Transfers Amendment

North Dakota Ballot Measure - Measure 3

Election: Nov. 5, 2024 (General)

Outcome: Pending

Categories:

Government Budget and Spending

Summary


Decreases the amount of money that can be expended from the state legacy fund, a fund that receives 30% of tax revenue from oil and gas production, from 15% to 5% of the principal of the fund over a period of two years, and provides for a distribution to be made from the state legacy fund to a legacy earnings fund rather than have the accrued earnings be sent to the general fund.

Resources


Official Summary

Source
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