Lawmakers want to invest Legacy Fund in North Dakota firms, infrastructure loans
House Bill 1425 would set a target for the State Investment Board to designate 10% of tax collections flowing into the voter-approved Legacy Fund for creating loans tailored to North Dakota cities, counties and businesses. Another 10% would be earmarked to invest in stock and other equity in North Dakota-based companies. Written By: Jeremy Turley | ×
Rep. Mike Nathe, R-Bismarck, speaks about a proposal for investing North Dakota s Legacy Fund at a press conference in the state Capitol on Tuesday, Jan. 19. Jeremy Turley / Forum News Service
BISMARCK A bipartisan group of North Dakota lawmakers has set its gaze on investing a chunk of the state s future oil tax revenue in local businesses and infrastructure projects.
House Bill 1425 would set a target for the State Investment Board to designate 10% of tax collections flowing into the voter-approved Legacy Fund for creating loans tailored to North Dakota cities, counties and businesses. Another 10% would be earmarked to invest in stock and other equity in North Dakota-based companies.
Diver Rich Rotte cleans the corral inside a 16,000-gallon aquarium at the Scheels All Sports store that s under construction east of Interstate 25 and InterQuest Parkway on Colorado Springs far north side. The aquarium, which is home to more than 600 tropical fish, is one of several amenities being added inside the 220,000-square-foot Scheels store; the outdoor equipment, sporting goods and apparel retailer will open March 27. JERILEE BENNETT, THE GAZETTE
Jerilee Bennet
Diver Rich Rotte cleans the corral at the About 600 tropical fish were released into their new home, a 16,000 gallon aquarium at the Scheel’s All Sports under construction in Colorado Springs on Tuesday, Dec. 8, 2020. The sporting goods superstar is set to open in late March. Divers will go into the tank four times a week to clean the aquarium. (Photo by Jerilee Bennett, The Gazette)
JERILEE BENNETT THE GAZETTE
Courtesy of The Broadmoor Stacy and Witbeck crews work on completing one of three passing siding tracks for the new Pikes Peak Cog Railway near the top of Pikes Peak. The $100 million project is scheduled to reopen this spring, marking a milestone in the return of one of the region’s most popular tourist attractions. undefined