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North Dakota lawmakers to propose Legacy Fund Transparency Act

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North Dakota lawmakers to propose Legacy Fund Transparency Act


BISMARCK — Three Republican lawmakers from District 12 plan to bring legislation during the 2025 legislation session to require the state to publish all investments of Legacy Fund money online.

The Legacy Fund was established by a constitutional amendment approved by North Dakota voters in 2010. It’s supported by the state’s oil taxes and is intended to be a source of perpetual revenue for the state. As of June, the fund’s value was nearly $11 billion.

The State Investment Board currently does not disclose specifics about all of the Legacy Fund’s investments.

Sen. Cole Conley, Rep. Bernie Satrom and Rep. Mitch Ostlie, all of Jamestown, said they’re concerned the money could be supporting governments or businesses that oppose North Dakota’s interests, and that this legislation is needed in order to bring such information to light. In 2022, the State Investment Board voted to divest public money including Legacy Fund dollars from Russia.

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“When we invest our principal, we need to have principles,” Satrom told the North Dakota Monitor.

In response to a records request asking for all of the Legacy Fund’s foreign and domestic investments by Bismarck attorney Tory Jackson earlier this year, the state disclosed it had roughly $160 million of the fund invested in what it called the “Emerging Markets Region,” more than $520 million in the “Global Region” and nearly $46 million in the “International Region,” among other holdings.

Jackson requested an attorney general’s opinion regarding the response to his request.

“The public and the media should not have to file a formal open records request to see where their money is being invested all around the world,” Conley said in a statement.

The state Retirement and Investment Office administers the Legacy Fund, following the direction of the State Investment Board.

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Retirement and Investment Office Executive Director Jan Murtha on Monday said she hadn’t seen any proposed legislation, so she could not comment on it.

“It is the role of the Legislature to create the state laws applicable to the Legacy Fund, and the Retirement and Investment Office adheres to the law and will adhere to any changes to the law,” she said.

Murtha told the North Dakota Monitor previously that the state already publishes a lot of Legacy Fund-related data, but some information must be kept under wraps in order to protect the state’s ability to invest. For example, it cannot identify the investments of specific fund managers because that could expose those managers’ investment strategies, which is considered confidential commercial information.

She also noted that the Legacy Fund’s holdings are always changing, so if the state were to publicize all of its investments, it would have to update the list constantly.

Lt. Gov Tammy Miller, who chairs the State Investment Board, has also disputed the claim that the Legacy Fund is not transparent.

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In a gubernatorial debate with U.S. Rep. Kelly Armstrong in April, Miller noted that North Dakotans can already find a lot of information about the Legacy Fund online. The office publishes monthly financial statements and performance reports.

“We have great transparency with the Legacy Fund,” she said at the time.

Armstrong has said during debates that the public should not need to make an open records request to access information about the Legacy Fund.

The North Dakota Legislature passed a bill in 2021 requiring the state to invest a certain amount of the Legacy Fund into the state.

North Dakota’s current target is to invest up to $1.3 billion of the fund in-state.

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Satrom and Conley both said that while they consider the in-state investment program a step in the right direction, they both want to see even more of the Legacy Fund put back into the state’s economy.

“We should be investing in our future,” Satrom said.

The lawmakers are still working on a bill draft, Conley said in an email.

District 12 encompasses most of Jamestown as well as land east and northeast of the city.

The three lawmakers are all running for reelection for their respective seats this election season. The House members are running unopposed. Democrat Olivia Schloegel is running against Conley for Senate.

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This story was originally published on NorthDakotaMonitor.com

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This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here.





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North Dakota

Former North Dakota deputy remains free on bail despite new charge

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Former North Dakota deputy remains free on bail despite new charge


GRAND FORKS — A judge on Friday, March 27, ruled a former chief deputy in Benson County can remain out on bail, despite being arrested.

Travis Lee Carlson was

charged with more than a dozen offenses

last year related to police misconduct. They include three felony counts of tampering with public records.

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North Dakota

ND State Fair completes 2026 grandstand lineup with EDM artist Zedd, ‘Turn Up ND!’

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ND State Fair completes 2026 grandstand lineup with EDM artist Zedd, ‘Turn Up ND!’


MINOT, N.D. (KMOT) – We now know the entertainers who will round out this year’s North Dakota State Fair grandstand lineup.

In what is a first for the state fair, Zedd will put on an EDM show at the grandstand on Friday, July 24. He’s an award-winning artist and DJ, known for hits like ‘Clarity’ and ‘The Middle.’

The show will feature immersive production, sound and visuals. Tickets will be just over $58, including fees.

The fair wraps up on Saturday, July 25, with this year’s ‘Turn Up ND’ show. It features TI, Da-Baby and Waka Flocka Flame.

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All three have made a name for themselves in the trap and hip-hop music genres.

Tickets for this show are just over $78, including fees.

So here’s a look at the full lineup, which is packed with some major stars, featuring Alex Warren, Jon Pardi, Jessie Murph, Niko Moon and Zach Top.

The fair will hold two days of the popular MHA Indian Horse Relays on July 20 and 21.

For information on tickets, dates and more, go to ndstatefair.com.

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Darlene Struble

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Darlene Struble


Darlene Kay Struble was born April 11, 1946 in Valley City, ND to Frank and Ruby (Satreaas) Klima. She grew up in LaMoure, ND and graduated from LaMoure High School 1964. After graduation, Darlene continued her education at North Dakota State School of Science in Wahpeton before completing her LPN training in Grand Forks. 

Darlene married the love of her life, Charles Struble, on October 25, 1969 at Trinity Lutheran Church. Together, they made their home in Jamestown where she began her career in the OB department at Jamestown Hospital. Her dedication to caring for others continued throughout her professional life, later leading her to Dakota Clinic in Jamestown. Her work was an extension of her compassionate spirit, and she touched many lives until her retirement in 2009. 

She filled her days with many loves; her family above all, but also the quiet joys of gardening, flowers, sewing, crafts, and scrap booking. She had a special gift of preserving memories, and spent countless hours gathering family history. Darlene started her day at the Depot Cafe nearly every morning. It was a simple tradition, but one she shared with her children, friends, and eventually grandchildren. Not only were Depot mornings filled with love and laughter, but an abundance of Mickey Mouse shaped pancakes. 

Darlene passed away peacefully on March 23rd 2026 at Eventide in Jamestown, surrounded by the love of her family. She leaves behind her husband Chuck, her sons; Cory (Deb) Struble and Dave (Leslie) Struble, two sisters; Linda (Gary) Kraft and Roberta (Karl) Wilhelm, six grandchildren; Jayden (Darsh), Allie, Jonah, Grace, Evyn, and Owen, and seven nieces and nephews. She has been reunited with her parents, her daughter, Tiffiney Dick, and her sister, Mary Lee Guffy.

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In lieu of flowers, memorials are preferred to Jamestown Regional Medical Center Foundations, specifically to the OB ward.

Memorial Service- 3:30 PM Saturday, March 28, 2026 at Haut Funeral Home in Jamestown, ND, with Pastor Kristi Weber, officiating.

Interment- Highland Home Cemetery, Jamestown, ND (at a later date).





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