North Dakota § 21-10-02.1 Board - Policies on investment goals and objectives and asset allocation

North Dakota Statutes

§ 21-10-02.1 — Board - Policies on investment goals and objectives and asset allocation

North Dakota § 21-10-02.1

Title 21Governmental Finance

Ch. 21-10State Investment Board

This text of North Dakota § 21-10-02.1 (Board - Policies on investment goals and objectives and asset allocation) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 21-10-02.1 (2026).

Text

1.The governing body of each fund enumerated in section 21-10-06 shall establish policies on investment goals and objectives and asset allocation for each respective fund. The policies must provide for:

a.The definition and assignment of duties and responsibilities to advisory services and persons employed by the board.

b.Rate of return objectives, including liquidity requirements and acceptable levels of risk.

c.Long-range asset allocation goals.

d.Guidelines for the selection and redemption of investments.

e.Investment diversification, investment quality, qualification of advisory services, and amounts to be invested by advisory services.

f.The type of reports and procedures to be used in evaluating performance.

2.The asset allocation and any subsequent allocation changes for eac

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1. The governing body of each fund enumerated in section 21-10-06 shall establish
policies on investment goals and objectives and asset allocation for each respective
fund. The policies must provide for:
a. The definition and assignment of duties and responsibilities to advisory services
and persons employed by the board.
b. Rate of return objectives, including liquidity requirements and acceptable levels of
risk.
c. Long-range asset allocation goals.
d. Guidelines for the selection and redemption of investments.
e. Investment diversification, investment quality, qualification of advisory services,
and amounts to be invested by advisory services.
f. The type of reports and procedures to be used in evaluating performance.
2. The asset allocation and any subsequent allocation changes for each fund must be
approved by the governing body of that fund and the state investment board. The
governing body of each fund shall use the staff and consultants of the retirement and
investment office in developing asset allocation and investment policies.