BISMARCK, N.D. - Gov. Doug Burgum and state legislators who voted to create a $50 million endowment for the proposed Theodore Roosevelt Presidential Library signed the bill into law.
Burgum says the endowment will be held by the state Department of Trust Lands. The fund's earnings will be used for operations and maintenance of the library and museum, only after the Theodore Roosevelt Presidential Library Foundation has raised or secured binding pledges for $100 million.
“I want everybody to understand, this is a legacy project. I want to repeat that, this is a legacy project,” said Sen. Rich Wardner., R-Dickinson.
Burgum noted that no dollars will be appropriated from next biennium's general fund revenues or Legacy Fund earnings, so the project did not compete with any 2019-21 appropriations.