§ 15-02-08 — Commissioner to keep record of permanent funds - Biennial report

The commissioner shall keep a record in suitable books showing a detailed quarterly
statement of the condition of all of the permanent funds under the control of the board of
university and school lands, the amount of each fund, how invested, when due, interest paid,
and all acts connected with the management of such funds. All records and record books are
open at all times for inspection by the public. The commissioner may submit a biennial report to
the governor and the secretary of state in accordance with section 54-06-04. If submitted, the
report must show all investments of the several funds, the work done during the preceding fiscal
biennium, the number of acres of land sold or leased by the department, the amount received
therefor, the amount of proceeds received to the credit of the several funds, the expense of
administration of the department, and all other matters relating to the commissioner's office as
are necessary to disclose fully the operation of the department.