North Dakota 2025-2026 Regular Session

North Dakota House Bill HCR3035 Compare Versions

Only one version of the bill is available at this time.

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1	1	25.3103.01000
2	2	Sixty-ninth
3	3	Legislative Assembly
4	4	of North Dakota
5	5	Introduced by
6	6	Representatives Murphy, Hager, Novak, Jonas, Weisz, Conmy
7	7	A concurrent resolution to amend and reenact section 2 of article IX of the Constitution of North
8	8	Dakota, relating to distributions from the common schools trust fund.
9	9	STATEMENT OF INTENT
10	10	This measure permits the funding of school construction across the state with distributions from
11	11	the common schools trust fund totaling three billion dollars over ten years, at a rate of three
12	12	hundred million dollars per year.
13	13	BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF NORTH DAKOTA, THE
14	14	SENATE CONCURRING THEREIN:
15	15	That the following proposed amendment to section 2 of article IX of the Constitution of
16	16	North Dakota is agreed to and must be submitted to the qualified electors of North Dakota at the
17	17	general election to be held in 2026, in accordance with section 16 of article IV of the
18	18	Constitution of North Dakota.
19	19	SECTION 1. AMENDMENT. Section 2 of article IX of the Constitution of North Dakota is
20	20	amended and reenacted as follows:
21	21	Section 2.
22	22	1.Distributions from the common schools trust fund, together with the net proceeds of all
23	23	fines for violation of state laws and all other sums which may be added by law, must
24	24	be faithfully used and applied each year for the benefit of the common schools of the
25	25	state and no part of the fund mustmay ever be diverted, even temporarily, from this
26	26	purpose or used for any purpose other than the maintenance of common schools as
27	27	provided by law.
28	28	2.Distributions from an educational or charitable institution's trust fund must be faithfully
29	29	used and applied each year for the benefit of the institution and no part of the fund
30	30	may ever be diverted, even temporarily, from this purpose or used for any purpose
31	31	other than the maintenance of the institution, as provided by law.
32	32	Page No. 1 25.3103.01000
33	33	HOUSE CONCURRENT RESOLUTION NO. 3035
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59	59	25 Sixty-ninth
60	60	Legislative Assembly
61	61	For the biennium during which this amendment takes effect, distributions from the perpetual
62	62	trust funds must be the greater of the amount distributed in the preceding biennium or ten
63	63	percent of the five-year average value of trust assets, excluding the value of lands and
64	64	minerals. Thereafter, biennial
65	65	3.Biennial distributions from the perpetual trust funds must be ten percent of the
66	66	five-year average value of trust assets, excluding the value of lands and minerals. The
67	67	average value of trust assets is determined by using the assets' ending value for the
68	68	fiscal year that ends one year before the beginning of the biennium and the assets'
69	69	ending value for the four preceding fiscal years. Equal amounts must be distributed
70	70	during each year of the biennium.
71	71	4.In addition to the distributions under subsection 3, for the 2027 - 28 through 2035 - 36
72	72	bienniums, biennial distributions from the perpetual trust funds must include an
73	73	additional six hundred million dollars, equally distributed during each year of the
74	74	biennium, to fund school construction statewide in accordance with the statutory state-
75	75	funded construction program.
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