Investments
Investment income (from a variety of financial investments and securities) is the department’s main source of income and provides nearly 75% of the income distributed to the seventeen trust beneficiaries each year. The overall goal of the Land Board’s investment policy is to:
* Earn sufficient investment income to provide a stable source of annual income to elementary and secondary schools and to other trust beneficiaries, while also;
* Achieving growth in the principal value of the funds so that their purchasing power is preserved for future generations.
Both of these goals are pursued under the guidance and limitations provided for by the "Prudent Investor Rule" (NDCC 15-03-04).
Constitutional Change was approved by voters during the November 7, 2006 general election