North Dakota’s Legacy Fund, since it was created by the Legislature and approved by voters in 2010, has turned a slice of the state’s oil tax revenues into a nearly $8 billion pot of money.
That balance is invested in stocks and bonds across the nation, and the world, including in some ways that, as a moral matter, we shouldn’t be happy about.
Almost none of the Legacy Fund is invested in North Dakota.
Rep. Mike Nathe, a Bismarck Republican, wants to change that.
