The Legacy Fund is Built to Last

In 2010, North Dakotans voted to set something aside. The constitutional amendment they approved created the Legacy Fund: a permanent savings fund, built from a share of the state’s oil and gas tax revenue, invested for the long term and held for every North Dakotan today and for those who come after.

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Every month, 30% of the state’s oil and gas production and extraction tax collections are deposited into the Legacy Fund. These dollars are invested to generate long-term growth.

The fund itself is not spent. A portion of what the investments earn is made available to the state, under limits set in the constitution and in the state law. The principal stays invested and keeps working for the benefit of future generations. 

Visit How the Fund Works to learn more.

For every boom there is a bust. The oil rush of the late 1970s gave way to the collapse of the 1980s, and the state was left with little that lasted. When the Bakken arrived thirty years later, the question wasn't whether this boom would end — it was what would remain when it did.