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Legislative leaders: ND shouldn’t tap oil fund principal

BISMARCK, N.D. — North Dakota legislative leaders said Thursday that lawmakers should not tap into the $3.3 billion currently in the state’s oil savings account when they have their first chance to access the money in 2017. The growth of the savings account that has accrued since 2011 and expected to top $4 billion when the Legislature reconvenes in 2017 ...

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Excerpts from recent North Dakota editorials

New oil tax structure would benefit North Dakota The Bismarck Tribune, Bismarck, April 23, 2015 On Monday, members of the North Dakota House approved a bill to lower the state’s oil extraction tax rate from 6.5 to 4.5 percent, while eliminating tax trigger exemptions currently in place when the price of oil falls below a certain threshold for set periods ...

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Schneider and Onstad: Oil tax plan not in ND’s best interest

BISMARCK — This is in response to the announcement by House Majority Leader Al Carlson, R-Fargo, that the GOP majority in the Legislature intends to go forward with a delayed bill that would permanently reduce the oil extraction tax by 30 percent. If enacted, the Republican majority’s resurrected plan to dramatically and permanently reduce the oil extraction tax would represent a ...

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North Dakota bill would ban regulators from promoting oil

BISMARCK, N.D. — North Dakota Democratic lawmakers want the state’s energy regulators to quit promoting oil development and focus solely on oversight. State law currently requires regulators to “foster, encourage and promote” oil and gas development in the state. Sen. Connie Triplett, D-Grand Forks, is sponsoring a bill that would that separate the roles and shift promotion to the state ...

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State regulators should bow to calls for audits

Rep. Kenton Onstad, a Democrat representing the Parshall area in North Dakota’s state House, has introduced a bill which would mandate an audit for the North Dakota Health Department as well as the Oil and Gas Division of the Industrial Commission. With the legislation Onstad is seeking to force an audit of the two state departments with the most oversight ...

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