N.D. Cent. Code § 15-03-16: Continuing appropriation for investments

There is appropriated annually the amounts necessary to pay costs related to investments controlled by the board of university and school lands, including management, trustee, consulting, custodial, and performance measurement fees; expenses associated with money manager searches and onsite audits and reviews of investment managers; expenses associated with building repairs, maintenance, and renovations; and payments in lieu of taxes for the building and grounds. Each payment must be made from the trust fund for which the cost was incurred.