The North Dakota Senate has overwhelmingly endorsed a study of uses for the proceeds from the state’s Legacy Fund.
The proceeds, or earnings, can now go into the state’s general fund. But lawmakers want to put some parameters for the use of the money.
A study committee would include the floor leaders from both parties, the chairmen of the House and Senate Appropriations Committees and the chairmen of both Finance and Tax Committees.
"This committee is to study all ideas, and there's a lot of them out there," said Sen. Dwight Cook (R-Mandan), chairman of the Senate Finance and Taxation Committee. "It was the voters that created the Legacy Fund, and it's the voters we should be listening to in this study."
The measure still needs House approval.
