All Roll Calls
Yes: 220 • No: 2
North DakotaHB 12782025 Regular SessionHouse
AN ACT to create and enact two new sections to chapter 54-11 of the North Dakota Century Code, relating to the management of moneys in the state treasury and a cash management board; to provide a report; and to provide an expiration date.
Sponsored By: Mike Lefor (Republican)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Lawmakers receive pay for cash board service
Legislators serving on the cash management board receive compensation and expense reimbursement under existing legislative pay rules. They also receive mileage reimbursement at the rate set by law for state officers. The Legislative Council pays the compensation and reimbursements. The law states no payment amounts. This authority remains in effect through June 30, 2028, and expires afterward.
North Dakota creates state cash management board
The law creates a board to help manage North Dakota's treasury money and make the state's overall finances more transparent. The board, state treasurer, and Bank of North Dakota must review existing cash policies and develop new ones if needed. Policies must aim to protect the money, keep enough cash available, and maximize returns at an appropriate statewide risk level. They cover the general fund and special funds, excluding the veterans' postwar trust fund and money invested by the State Investment Board or Board of University and School Lands. The board must review agency and interagency cash flows, forecast cash needs, assess technology, and identify ways to improve cash handling and transactions. Policies may group cash by when it is needed, pool money when helpful, and align cash management with agency missions and statewide finances. The governor or a designee chairs the board. Other members are the budget director, bank president, and state treasurer, or their designees, plus two representatives and two senators appointed by their chamber's majority leader. The bank provides staff, and agencies must provide cash and liquidity information when asked, including expected revenue and spending dates. The board must report to the budget section at least once each fiscal year. These requirements remain in effect through June 30, 2028, and expire afterward.
Sponsors & Cosponsors
Sponsor
Mike Lefor
Republican • House
Cosponsors
Steve Swiontek
Republican • House
Don Vigesaa
Republican • House
Daniel R. Vollmer
Republican • House
Brad Bekkedahl
Republican • Senate
David Hogue
Republican • Senate
Dale Patten
Republican • Senate
Dean Rummel
Republican • Senate
Roll Call Votes
House vote • 4/2/2025
Second reading, passed, yeas 90 nays 1
Yes: 90 • No: 1
Senate vote • 3/20/2025
Second reading, passed as amended, yeas 45 nays 1
Yes: 45 • No: 1
House vote • 2/13/2025
Second reading, passed, yeas 85 nays 0
Yes: 85 • No: 0
Actions Timeline
Filed with Secretary Of State 04/11
4/14/2025HouseSigned by Governor 04/10
4/11/2025HouseSent to Governor
4/8/2025HouseSigned by Speaker
4/8/2025HouseSigned by President
4/4/2025SenateSecond reading, passed, yeas 90 nays 1
4/2/2025HouseConcurred
4/2/2025HouseReturned to House (12)
3/21/2025HouseSecond reading, passed as amended, yeas 45 nays 1
3/20/2025SenateAmendment adopted, placed on calendar
3/19/2025SenateReported back amended, do pass, amendment placed on calendar 13 1 2
3/18/2025SenateCommittee Hearing 03:15
3/17/2025SenateCommittee Hearing 08:30
3/7/2025SenateIntroduced, first reading, referred Appropriations Committee
2/17/2025SenateReceived from House
2/14/2025SenateSecond reading, passed, yeas 85 nays 0
2/13/2025HouseAmendment adopted, placed on calendar
2/12/2025HouseReported back amended, do pass, amendment placed on calendar 13 0 1
2/11/2025HouseCommittee Hearing 09:00
2/5/2025HouseIntroduced, first reading, referred Finance and Taxation Committee
1/13/2025House
Bill Text
Enrollment
FIRST ENGROSSMENT
FIRST ENGROSSMENT with Senate Amendments
INTRODUCED
Prepared by the Legislative Council staff for Representative Lefor
Prepared by the Legislative Council staff for Representative Steiner
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