North Dakota to expand in-state Legacy Fund investments | The Mighty 790 KFGO
By: Mary SteurerBISMARCK, N.D. (North Dakota Monitor) – North Dakota plans to invest up to $150 million of Legacy Fund money in-state into land, infrastructure, agriculture and natural resources as part of a new agreement with investment firm GCM Grosvenor.The Legacy Fund is a trust fund for the state made from oil tax revenue. The fund, which as of March was valued at nearly $12 billion, is meant to create a source of reliable income for North Dakota even after the state’s energy industry tapers off.The Legislature made a commitment...



