Signed by Governor Kelly Armstrong

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that appropriates infrastructure loan investments under the legacy fund and an incentive compensation plan for the state retirement and investment office in North Dakota.

Highlights:

• Appropriates infrastructure loan investments under the legacy fund and an incentive compensation plan for the state retirement and investment office in North Dakota, including the maximum as follows (Sec. 1-4):

• 100% for the chief investment officer and executive director;

• 90% for the deputy chief investment officer;

• 75% for the chief risk officer, senior investment officers, and portfolio managers;

• 60% for the chief financial officer;

• 50% for investment officers, risk officers, and accounting managers; and

• 25% for senior investment accountants and investment accountants.

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 5).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that appropriates infrastructure loan investments under the legacy fund and an incentive compensation plan for the state retirement and investment office in North Dakota.

Highlights:

• Appropriates infrastructure loan investments under the legacy fund and an incentive compensation plan for the state retirement and investment office in North Dakota, including the maximum as follows (Sec. 1-4):

• 100% for the chief investment officer and executive director;

• 90% for the deputy chief investment officer;

• 75% for the chief risk officer, senior investment officers, and portfolio managers;

• 60% for the chief financial officer;

• 50% for investment officers, risk officers, and accounting managers; and

• 25% for senior investment accountants and investment accountants.

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 5).

Full Bill Text

Vote Smart's Synopsis:

Vote to amend and pass a bill that appropriates infrastructure loan investments under the legacy fund and an incentive compensation plan for the state retirement and investment office in North Dakota.

Highlights:

• Appropriates infrastructure loan investments under the legacy fund and an incentive compensation plan for the state retirement and investment office in North Dakota, including the maximum as follows (Sec. 1-4):

• 100% for the chief investment officer and executive director;

• 90% for the deputy chief investment officer;

• 75% for the chief risk officer, senior investment officers, and portfolio managers;

• 60% for the chief financial officer;

• 50% for investment officers, risk officers, and accounting managers; and

• 25% for senior investment accountants and investment accountants.

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 5).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that appropriates infrastructure loan investments under the legacy fund and an incentive compensation plan for the state retirement and investment office in North Dakota.

Highlights:

• Appropriates infrastructure loan investments under the legacy fund and an incentive compensation plan for the state retirement and investment office in North Dakota, including the maximum as follows (Sec. 1-4):

• 100% for the chief investment officer and executive director;

• 90% for the deputy chief investment officer;

• 75% for the chief risk officer, senior investment officers, and portfolio managers;

• 60% for the chief financial officer;

• 50% for investment officers, risk officers, and accounting managers; and

• 25% for senior investment accountants and investment accountants.

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 5).

Full Bill Text