North Dakota
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.
“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.
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.
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.
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.
This story was originally published on NorthDakotaMonitor.com
______________________________________________________
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.
North Dakota
Wheeler-Thomas scores 21 as North Dakota State knocks off Cal State Bakersfield 80-69
BAKERSFIELD, Calif. (AP) — Damari Wheeler-Thomas’ 21 points helped North Dakota State defeat Cal State Bakersfield 80-69 on Thursday.
Wheeler-Thomas had three steals for the Bison (8-3). Markhi Strickland scored 15 points while shooting 6 of 11 from the field and 3 for 6 from the free-throw line and grabbed five rebounds. Andy Stefonowicz went 4 of 7 from the field (3 for 4 from 3-point range) to finish with 13 points.
Ron Jessamy led the way for the Roadrunners (4-7) with 18 points, six rebounds, two steals and four blocks. CJ Hardy added 13 points. Jaden Alexander also recorded eight points and two steals.
___
The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
North Dakota
Scientists discover ancient river-dwelling mosasaur in North Dakota
Some 66 million years ago, a city bus-sized terrifying predator prowled a prehistoric river in what is now North Dakota.
This finding is based on the analysis of a single mosasaur tooth conducted by an international team of researchers from the United States, Sweden, and the Netherlands.
The tooth came from a prognathodontine mosasaur — a reptile reaching up to 11 meters long. This makes it an apex predator on par with the largest killer whales.
It shows that massive mosasaurs successfully adapted to life in rivers right up until their extinction.
Isotope analysis
Dating from 98 to 66 million years ago, abundant mosasaur fossils have been uncovered in marine deposits across North America, Europe, and Africa.
However, these marine reptile fossils have been rarely found in North Dakota before.
In this new study, the large mosasaur tooth was unearthed in a fluvial deposit (river sediment) in North Dakota.
Its neighbors in the dirt were just as compelling: a tooth from a Tyrannosaurus rex and a crocodylian jawbone. Interestingly, all these fossilized remains came from a similar age, around 66 million years old.
This unusual gathering — sea monster, land dinosaur, and river croc — raised an intriguing question: If the mosasaur was a sea creature, how did its remains end up in an inland river?
The answer lay in the chemistry of the tooth enamel. Using advanced isotope analysis at the Vrije Universiteit in Amsterdam, the team compared the chemical composition of the mosasaur tooth with its neighbors.
The key was the ratio of oxygen isotopes.
The mosasaur teeth contained a higher proportion of the lighter oxygen isotope than is typical for mosasaurs living in saltwater. This specific isotopic signature, along with the strontium isotope ratio, strongly suggests that the mosasaur lived in a freshwater habitat.
Analysis also revealed that the mosasaur did not dive as deep as many of its marine relatives and may have fed on unusual prey, such as drowned dinosaurs.
The isotope signatures indicated that this mosasaur had inhabited this freshwater riverine environment. When we looked at two additional mosasaur teeth found nearby, slightly older sites in North Dakota, we saw similar freshwater signatures. These analyses show that mosasaurs lived in riverine environments in the final million years before going extinct,” explained Melanie During, the study author.
Transformation of the Seaway
The adaptation occurred during the final million years of the Cretaceous period.
It is hypothesized that the mosasaurs were adapting to an enormous environmental shift in the Western Interior Seaway, the vast inland sea that once divided North America.
Increased freshwater influx gradually transformed the ancient sea from saltwater to brackish water, and finally to mostly freshwater, similar to the modern Gulf of Bothnia.
The researchers hypothesize that this change led to the formation of a halocline: a structure where a lighter layer of freshwater rested atop heavier saltwater. The findings of the isotope analyses directly support this theory.
The analyzed mosasaur teeth belong to individuals who successfully adapted to the shifting environments.
This transition from marine to freshwater habitats (reverse adaptation) is considered less complex than the opposite shift and is not unique among large predators.
Modern parallels include river dolphins, which evolved from marine ancestors but now thrive in freshwater, and the estuarine crocodile, which moves freely between freshwater rivers and the open sea for hunting.
Findings were published in the journal BMC Zoology on December 11.
North Dakota
North Dakota highway rollover crash caught on camera
-
Protesters interrupt Noem at House hearing
00:35
-
Rubio reverses directive on use of Calibri font
00:33
-
Time names Architects of AI as 2025 Person of the Year
00:38
-
Possible DUI crash injures nine students in California
00:19
-
Now Playing
North Dakota highway rollover crash caught on camera
00:27
-
UP NEXT
Nobel Peace Prize laureate Machado greets supporters
00:30
-
Maduro sings ‘Don’t Worry, Be Happy’ over U.S. threat
00:32
-
How Trump admin is preparing for World Cup tourists
01:26
-
Trump says U.S. seized tanker off coast of Venezuela
00:20
-
Met Gala co-chairs announced for 2026
00:14
-
Ukrainian naval drones strike Russian shadow tanker
00:24
-
Federal Reserve votes to cut interest rates
00:31
-
‘Shopaholic’ author Sophie Kinsella dies at age 55
00:27
-
Thousands of golden retrievers gather to break record
00:15
-
Car speeds down the taxiway at John Wayne Airport
00:22
-
Miami elects first Democrat mayor in over 30 years
00:24
-
Tourists may have to disclose social media history
00:41
-
Oreo to start selling sugar-free option in U.S.
00:26
-
Corporate Hollywood drama straight out of a movie
01:42
-
Crews search Moroccan building after deadly collapse
00:19
-
Protesters interrupt Noem at House hearing
00:35
-
Rubio reverses directive on use of Calibri font
00:33
-
Time names Architects of AI as 2025 Person of the Year
00:38
-
Possible DUI crash injures nine students in California
00:19
-
Now Playing
North Dakota highway rollover crash caught on camera
00:27
-
UP NEXT
Nobel Peace Prize laureate Machado greets supporters
00:30
-
Alaska6 days agoHowling Mat-Su winds leave thousands without power
-
Ohio1 week ago
Who do the Ohio State Buckeyes hire as the next offensive coordinator?
-
Texas6 days agoTexas Tech football vs BYU live updates, start time, TV channel for Big 12 title
-
Washington3 days agoLIVE UPDATES: Mudslide, road closures across Western Washington
-
Iowa5 days agoMatt Campbell reportedly bringing longtime Iowa State staffer to Penn State as 1st hire
-
Miami, FL6 days agoUrban Meyer, Brady Quinn get in heated exchange during Alabama, Notre Dame, Miami CFP discussion
-
Cleveland, OH5 days agoMan shot, killed at downtown Cleveland nightclub: EMS
-
World5 days ago
Chiefs’ offensive line woes deepen as Wanya Morris exits with knee injury against Texans