Bank of North Dakota seeks funding tweaks, confidentiality changes and modest capital spending

The Appropriations - Education and Environment Division reviewed the Bank of North Dakota’s biennial budget and proposed statutory amendments during a committee meeting, where bank officials asked for limited adjustments to staffing and confidentiality rules and described planned capital spending.

Bank of North Dakota President and CEO Don Morgan told the committee there were no new budget requests beyond the packet the bank had already provided, and that the bank could likely absorb initial cash-management work without adding permanent staff. "I think we'd be on board with either considering, you know, them temporary or just removing them," Morgan said of two positions that had been included in an earlier executive proposal.

The request and why it matters

Bank staff and legislative budget analysts contrasted the Armstrong executive budget with the prior Bergum/Bergham submission. The chief differences discussed were a recommended removal of $600,000 in one-time…