Gov. Doug Burgum wants to reinvest half the proceeds from the state’s Legacy Fund back into the fund.
Burgum would use half for targeted needs, such as infrastructure and technology investments. But during his “State of the State” address, Burgum said the Legacy Fund is designed to help when the oil and gas run dry.
"If you reinvest half of it, then we set ourselves on a path where, in a short 13 years, we would have built up $26 billion," Burgum said. "I call that a good start."
Burgum said Norway's Sovereign Wealth Fund is $1 trillion.