Local legislators weigh in on proposal to use Legacy Fund principal for loan fund

Republican lawmakers have prepared draft legislation that would tap part of North Dakota’s Legacy Fund to provide low-interest loans for large and expensive infrastructure projects. The Legacy Fund, approved by voters in 2010, is where 30 percent of state tax revenues from oil and natural gas production are deposited. The fund now holds more than $5.42 billion. In February alone, more than $50 mil...