Bill > HB1504

This bill amends Section 37-14-14 of the North Dakota Century Code regarding the Veterans' Postwar Trust Fund, clarifying and expanding its provisions. The bill maintains the fund's status as a permanent state trust fund, with the state treasurer responsible for investing the fund's assets exclusively in accordance with existing investment guidelines (Chapter 21-10). It specifies that all investment income must be used solely for veteran and dependent benefit programs, with earnings from one biennium being appropriated to the administrative committee on veterans' affairs in the subsequent biennium. The bill adds a new provision allowing veterans organizations (as defined in section 53-06.1-01) to donate funds to the trust fund specifically for homeless veterans' services, with the aim of preventing and eliminating veteran homelessness. This amendment provides a clear mechanism for additional funding and emphasizes the fund's dedicated purpose of supporting veterans and addressing their unique challenges, particularly those experiencing housing insecurity.

Budget and Finance, Military Affairs and Security

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1504.html