What is a Legacy Fund?

We have almost reached the end of the legislative session and don’t know what kind of higher education board suits North Dakota. Neither have we figured out what a “legacy” fund is.

North Dakota has had one for 10 years and no one seems to know what it is. It was created when the Legislature saw gushers of oil – and taxes – pouring out the Bakken around 2008 and wondered how they would control spe...