North Dakota Code 54-27-19.3 – Legacy earnings highway distribution fund
A legacy earnings highway distribution fund is created as a special fund in the state treasury into which must be deposited any allocations of legacy fund earnings made under section 21-10-13. Any moneys in the legacy earnings highway distribution fund must be allocated and transferred by the state treasurer, as follows:
Terms Used In North Dakota Code 54-27-19.3
- Legacy: A gift of property made by will.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
1. Sixty percent must be transferred to the department of transportation for deposit in the state highway fund; 2. Ten percent must be transferred to the legacy earnings township highway aid fund; 3. One and five-tenths percent must be transferred to the public transportation fund; and
4. Twenty-eight and five-tenths percent must be allocated to cities and counties using the formula established in subsection 4 of section 54-27-19. Moneys received by counties and cities must be used for roadway purposes in accordance with section 11 of article X of the Constitution of North Dakota.