The measure would fund the North Dakota Retirement and Investment Office for the 2025–27 biennium, subject to the listed spending limits and reporting rules.
The measure would provide $16.55 million in special funds for the Retirement and Investment Office during the 2025–27 budget period, including money for 35 full-time positions.
The measure would set aside $250,000 for one-time information-technology consulting and require the office to report how it used the money.
The office could not spend its vacant-position pool directly, but it could request a transfer into salaries and wages under House Bill 1015’s rules.
The measure would provide special-fund money for the office’s salaries, vacant positions, operating costs, and contingencies. The funding covers the Retirement and Investment Office and includes 35 full-time equivalent positions. The office may use only the amount needed for its listed expenses. The listed funding comes from special funds. The appropriation would cover the biennium beginning July 1, 2025, and ending June 30, 2027.
The office would report its use of the one-time consulting money to the appropriations committees of the next legislative assembly. The requirement covers $250,000 in one-time other-fund money for information-technology consulting. The amount would not be included in the office’s base budget for the 2027–29 biennium. The office would report the funding’s use to the seventieth legislative assembly’s appropriations committees.
The office may not spend money directly from the new and vacant position pool, but it may ask to move that money into salaries and wages. The rule applies to the $470,466 new and vacant full-time-position pool listed in the appropriation. Any transfer request must follow the guidelines and reporting rules in House Bill 1015, as approved by the legislative assembly. The spending limit and possible transfer request apply during the appropriation period beginning July 1, 2025, and ending June 30, 2027.
No hearings or votes scheduled.