North Dakota Const. art. X, § 22

North Dakota Constitution

Article X, § 22

North Dakota Const. art. X, § 22 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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Section§ 22

CitationNorth Dakota Const. art. X, § 22

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N.D. Const. art. X, § 22.

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The legislative assembly may provide by law for a percentage of revenue from taxes imposed on the extraction or production of oil to be allocated and credited to a special trust fund, to be known as the resources trust fund. The principal and income of the resources trust fund may be expended only pursuant to legislative appropriation for: 1. Constructing water-related projects, including rural water systems; and 2. Funding of programs for energy conservation.

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The legislative assembly may provide by law for a percentage of revenue from taxes imposed on the extraction or production of oil to be allocated and credited to a special trust fund, to be known as the resources trust fund. The principal and income of the resources trust fund may be expended only pursuant to legislative appropriation for: 1. Constructing water-related projects, including rural water systems; and 2. Funding of programs for energy conservation.