2014 In Review // Local: News, Sports Nat'l: News, Sports, Entertainment, Talkers | Top 20 Most Read Stories 

Politics

ND Senator: Oil Money Trust Talks Should Begin

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. HSSR: Andover Goalie Plays With The Boys
  2. HSSR Highlights: Dec. 26, 2014
  3. Comedian Lizz Winstead Is Home For The Holidays
  4. HSSR: Apple Valley's Tyus Jones Excels At Duke
  5. Royal Courtyard Makes A Triumphant Return At Winter Carnival

BISMARCK, N.D. (AP) — A North Dakota lawmaker says the state’s oil trust fund could have $1 billion by June 2013.

Mandan Sen. Dwight Cook says the Legislature should open a public discussion of how the “Legacy Fund” money should be used.

Voters approved the fund in November 2010. It gets a share of the state’s oil tax collections and it already has more than $200 million. The Legislature can’t start spending the money until 2017.

Cook says he likes Wyoming’s idea of using the money for college scholarships for North Dakota high school graduates. But he says all options should be discussed.

Cook says he plans to introduce a resolution in the 2013 Legislature asking for a study of how the oil trust money should be used.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,579 other followers