2014 North Dakota Century Code Title 54 State Government Chapter 54-52.5 State Retirement and Investment Office
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CHAPTER 54-52.5
STATE RETIREMENT AND INVESTMENT OFFICE
54-52.5-01. North Dakota state retirement and investment office.
The state retirement and investment office is created to coordinate the activities of the state
investment board and teachers' fund for retirement.
54-52.5-02. Governing authority.
The state investment board shall govern the state retirement and investment office. The
state investment board is responsible for overseeing and operating the agency and may do all
things necessary to coordinate the activities of the state investment board and the teachers'
fund for retirement. The board of trustees of the teachers' fund for retirement and the state
investment board shall maintain their legal identities and authority as otherwise provided by law.
54-52.5-03. State retirement and investment fund - Cost of operation of agency.
A special fund known as the "state retirement and investment fund" is established for the
purpose of defraying administrative expenses of the state retirement and investment office. The
actual amount of administrative expenses incurred by the state retirement and investment office
must be paid from the respective funds listed under section 21-10-06 and are hereby
appropriated to the state retirement and investment fund in proportion to the services rendered
for each fund as estimated by the state investment board. The amount necessary to pay all
administrative expenses of the state retirement and investment office must be paid from the
state retirement and investment fund in accordance with the agency's appropriation authority.
Any interest income earned on the state retirement and investment fund must be credited to the
fund.
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