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North Dakota Legacy Fund Balance Passes $2 Billion

North Dakota Legacy Fund Balance Passes $2 Billion

On the 2010 ballot North Dakota voters passed an amendment to create¬†Article X, Section 26 of the state constitution. That section creates the Legacy Fund into which 30 percent of the state’s tax revenues from the oil and extraction tax are deposited (as well as any other funds the Legislature wishes). Since the first deposit

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