ND
North Dakota House Bill HB1278

North Dakota 2025-2026 Regular Session

North Dakota House Bill HB1278

Introduced
1/13/25  
Refer
1/13/25  
Report Pass
2/11/25  
Engrossed
2/14/25  
Refer
2/17/25  
Report Pass
3/18/25  
Enrolled
4/4/25  

Caption

The management of moneys in the state treasury and a cash management board; to provide a report; and to provide an expiration date.

Impact

The legislation will have a significant impact on how the state manages its financial resources, particularly concerning state agency operations and interagency cash flow management. By instituting a dedicated board, the bill aims to centralize financial oversight and improve the state's capacity to forecast cash flow needs. Through this effort, the bill seeks to maximize the total return from the state's cash management strategies, which could lead to greater financial stability and efficiency within state operations.

Summary

House Bill 1278 seeks to establish a formal framework for the management of moneys in the state treasury by creating a Cash Management Board. This board will be responsible for reviewing existing policies, developing new policies, and ensuring the efficient management of the state's finances. The creation of this board is intended to enhance transparency concerning the state's financial position and facilitate effective cash flow management across state agencies. This initiative reflects a commitment to optimizing the state's financial resources while maintaining principal preservation and liquidity.

Sentiment

The sentiment surrounding HB 1278 appears to be largely positive among lawmakers, given the overwhelming support it received, with a vote of 90 in favor and only 1 against in the House. Legislators view this bill as a prudent step towards modernizing the state's financial management practices. However, there may be concerns from some quarters regarding the implementation of the board and its potential bureaucratic implications, though these are not prominently highlighted in the discussions.

Contention

While there is broad support for the bill, potential points of contention could arise from the delineation of powers and responsibilities within the new Cash Management Board. Ensuring that the board operates effectively without creating additional layers of bureaucracy will be a key concern. Furthermore, the requirement for state agencies to provide information to the board could lead to discussions around the adequacy of existing procedures and the balance between oversight and operational flexibility.

Companion Bills

No companion bills found.

Previously Filed As

ND HB1158

The homestead tax credit and income tax rates for individuals, estates, and trusts; to provide for a legislative management study; to provide for a legislative management report; to provide an appropriation; to provide an effective date; and to provide an expiration date.

ND SB2004

The powers and duties of the state auditor and the salary of the state auditor; to provide for a legislative management study; to provide for a legislative management report; and to declare an emergency.

ND HB1541

Budget section approval limits for the flexible transportation fund; to provide for a legislative management study; to provide for a legislative management report; to provide for retroactive application; and to provide an effective date.

ND HB1231

Mandatory dyslexia screening; to provide for a legislative management report; and to provide an expiration date.

ND HB1480

A pay for success fund; to provide for a legislative management study; to provide for a legislative management report; to provide for a continuing appropriation; to provide for a transfer; and to provide an effective date.

ND SB2343

State board of higher education policy; and to provide for a legislative management report.

ND SB2012

The autism voucher; to provide a statement of legislative intent; to provide for a legislative management study; to provide for a report; to provide an effective date; and to declare an emergency.

ND SB2018

Permit fees; to provide an exemption; to provide a statement of legislative intent; and to provide for a legislative management study.

ND SB2371

The prohibition on ownership of real property by a foreign adversary; to provide for a legislative management study; and to provide an expiration date.

ND SB2334

A sales tax exemption for a fertilizer plant and allocation of sales tax revenue; to provide a continuing appropriation; to provide for a legislative management report; and to provide an expiration date.

Similar Bills

No similar bills found.