Legacy Fund Hits Milestone | VideoJessica Roose | 9/24/2012
Schmidt says the fund is growing faster than anyone anticipated.
"To the people of North Dakota it gives them the opportunity to see how oil is going to impact our state. Their vote determined the legacy fund and now the decision will be moving forward into this next legislative session, what we will be doing with those dollars."
Under state law, the money in the fund can not be spent prior to 2017.
The State Investment Board will meet Friday to interview a consultant to help determine how the funds should be invested.