The North Dakota Legacy Fund stands as a testament to fiscal responsibility, ensuring that revenue from finite natural resources benefits the state even beyond their profitability.
The fund’s purpose is to create a perpetual source of state revenue derived from taxes on oil and natural gas production or extraction.
The fund is managed by the Retirement and Investment Office and earnings from the fund are directed to the General Fund, benefiting various state programs and initiatives.
The 2021-2023 biennium saw a transfer of $486,568,637. Here is an article on how voters see the management of the fund and the issue of transparency.