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Exposed: North Dakota Lawmakers Push for Full Transparency on Legacy Fund Spending

New Bill Could Force Public Disclosure of Every Dollar – Here’s What You Need to Know

Breaking Now News (BNN) – A groundbreaking bill gaining traction in North Dakota’s legislature could force the state to disclose exactly how it spends its multi-billion-dollar Legacy Fund. Supporters argue it’s long overdue, while critics warn of unintended consequences. Here’s the inside scoop.

The Legacy Fund: North Dakota’s $10 Billion Secret?

North Dakota’s Legacy Fund, fueled by oil and gas tax revenues, has ballooned to over $10 billion since its creation in 2010. Yet, despite its massive size, many residents have no idea where the money goes. That could soon change.

Key Points of the Proposed Bill

• Mandatory Website: Requires the state to create a publicly accessible online portal tracking all Legacy Fund expenditures.


• Real-Time Updates: Transactions must be updated within 30 days, ensuring near-instant transparency.


• Detailed Breakdowns: Funding allocations, investment returns, and legislative appropriations must be clearly listed.


• No “Hidden” Fees: Administrative costs must also be disclosed, preventing financial sleight-of-hand.

Who’s Backing It – And Who’s Pushing Back?

The bill has bipartisan support, with lawmakers from both sides of the aisle calling for accountability. State Sen. Jane Doe (R), a co-sponsor, stated, “Taxpayers deserve to know how their money is being used—period.”

But not everyone’s on board. Some legislators argue that excessive transparency could hinder strategic investments or expose proprietary financial agreements. Others claim the move is politically motivated.

What Happens Next?

1. The bill must pass committee review by May 1.


2. If approved, it heads to the full Senate for debate.


3. Governor’s signature would make it law by July.

If enacted, North Dakota would become one of the most transparent states regarding sovereign wealth fund disclosures—setting a potential precedent for others.

What Do You Think?

• Should all state investment funds be fully transparent, or does secrecy benefit taxpayers?


• Could this bill discourage businesses from working with North Dakota if their deals go public?


• Is this just political theater, or a real step toward accountability?


• Would you trust the government more—or less—if every dollar was tracked?

BNN will continue following this story. Stay tuned for updates.

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