HB 1278 North Dakota House · 69th Legislative Assembly (2025-26)

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.

HB 1278 creates two new sections in North Dakota's state code to establish rules for managing state treasury funds and governing the cash management board. The bill requires the cash management board to submit a report to the legislature and includes an expiration date for these new provisions. This legislation directly affects state treasury operations and the cash management board by defining their fund management procedures and reporting obligations. The law is designed as a temporary measure, ending after a specified period.

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

House Passage

Apr 2025

Senate Passage

Mar 2025

Signed into Law

Apr 2025

Introduced Jan 13, 2025 Signed Apr 11, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

FIRST ENGROSSMENT → Enrollment · 4 edits

MODERATE

This bill establishes a new Cash Management Board to oversee how the state manages its treasury funds, replacing the previous reference to a 'cash management board' in the text with a formal creation of the board. The bill also clarifies that the governor serves as chairman of the board (rather than the state treasurer) and sets an expiration date for the law in 2028.

Scope change

The bill expands the scope by formally creating a new Cash Management Board with specific duties to review policies, provide financial transparency, and identify cash flow characteristics across state agencies.

REQUIREMENT

Created a new Cash Management Board with six members including the governor as chairman, the director of management and budget, the president of the Bank of North Dakota, two legislative members from each chamber, and the state treasurer.

DEFINITION

Clarified that moneys in the state treasury include the general fund and special funds but exclude the veterans' postwar trust fund and funds invested by the state investment board and board of university and school lands.

TIMELINE

Added an expiration date of June 30, 2028, after which the Act becomes ineffective.

TECHNICAL

Changed the role of the state treasurer from chairman to designee of the governor as chairman of the Cash Management Board.

Floor votes · Senate Mar 20, 2025 · House Apr 2, 2025

How they voted

45–1

Passed · 1 other

Total votes 47

Mar 20, 2025

D Democratic5

4 Yea 1

80% Yea

R Republican42

41 Yea 1 Nay

97% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 14, 2025

Introduced

Filed with Secretary Of State 04/11

legislature

Apr 11, 2025

Signed into law

Signed by Governor 04/10

lower

Apr 2, 2025

Lower · Passed

Second reading, passed, yeas 90 nays 1

lower

Apr 2, 2025

Lower · Passed

Concurred

lower

Mar 20, 2025

Upper · Passed

Second reading, passed as amended, yeas 45 nays 1

upper

Mar 19, 2025

Upper · Passed

Amendment adopted, placed on calendar

upper

Mar 18, 2025

Upper · Passed

Reported back amended, do pass, amendment placed on calendar 13 1 2

upper

Mar 17, 2025

Upper · Passed

Committee Hearing 03:15

upper

Mar 7, 2025

Upper · Passed

Committee Hearing 08:30

upper

Feb 17, 2025

Introduced

Introduced, first reading, referred Appropriations Committee

upper

Feb 13, 2025

Lower · Passed

Second reading, passed, yeas 85 nays 0

lower

Feb 12, 2025

Lower · Passed

Amendment adopted, placed on calendar

lower

Feb 11, 2025

Lower · Passed

Reported back amended, do pass, amendment placed on calendar 13 0 1

lower

Feb 5, 2025

Lower · Passed

Committee Hearing 09:00

lower

Jan 13, 2025

Introduced

Introduced, first reading, referred Finance and Taxation Committee

lower

1 primary · 7 co-sponsors