Bill > HB1022

This bill provides an appropriation for the North Dakota Retirement and Investment Office for the 2025-2027 biennium, detailing the financial allocation for the agency's operations. The bill authorizes a total special funds appropriation of $16,547,594, which includes $12,091,995 for salaries and wages, $3,785,133 for operating expenses, and $200,000 for contingencies. The funding allows for 35 full-time equivalent positions, which is an increase of one position from the previous budget. Additionally, the bill includes $250,000 in one-time funding specifically for information technology consulting, which will not be part of the agency's base budget for the 2027-2029 biennium. The bill also includes a provision that allows the Retirement and Investment Office to request transfers from a new and vacant FTE (full-time equivalent) pool to the salaries and wages line item, following guidelines established in a related House Bill. This appropriation is intended to cover the office's operational expenses and support its ongoing functions over the specified two-year period.

Budget and Finance

Appropriations (House)

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1022.html