Dick Anderson — Referenced as part of the ongoing discussion about staffing and investment operations.
Dick Anderson — Representative Dick Anderson is present and available to answer questions.
Adam Odison — Introduced himself as CFO at Trustland and said he would walk through the preliminary Legacy Fund earnings distribution estimate.
Brad Bekkedahl — Senator Bekkedahl asked about the current amounts shown for the Highway Fund and Legacy Fund, clarifying the comparison figures as $175 million for the Highway Fund and $409 million for Legacy property. The discussion then referenced the website’s figure for last year’s distribution, noted as just over $6.86 million.
Jerry Klein — Introduced the next question about whether the website will address public concerns over investments.
Jerry Klein — Asked whether the website will alleviate public concerns about where money is invested and in what countries.
Jerry Klein — His question prompted the explanation about transparency and website improvements.
Jerry Klein — Recognized as the next person to speak; spelling is uncertain and likely refers to Senator Beckettel/Klein context.
Jerry Klein — Asked whether the Legacy Fund will have a standalone website or remain embedded in the Rio site.
Jerry Klein — Applauded the effort to make the information easier for the public to find.
Jerry Klein — Suggested the new standalone site should include links from the homepage because users are accustomed to navigating the Rio site.
Jerry Klein — Said the standalone site would also make the Rio website simpler and easier to navigate.
Jerry Klein — Referenced as having raised the question about countries in the investment context.
Jerry Klein — Will be on a panel at the conference.
Jerry Klein — Senator Klein is nominated and elected as chair of the advisory board, votes aye on the motion, and is subsequently addressed as the new chairman.
Randy Burckhard — Likely the intended speaker name behind the garbled 'Senator Beckett' and 'Chair, and Worry'; context suggests a senator addressing Joy/Scott.
David Hogue — Senator David Hogue is addressed as chair throughout a continuous discussion about the proposed handling of the Legacy Earnings Fund. The speaker explains how distributions would be made, asks whether they would still occur on a date certain, and clarifies whether assets would need to be sold, with the exchange ending in a final 'Mr. Chairman' address.
Judy Lee — Senator Judy Lee is addressed during a continuing discussion about how the Legacy Earnings Fund distributions would be handled. The speaker explains the internal proposal, clarifies whether distributions would still be made on a date certain, and addresses whether assets would need to be sold as part of the process.
Judy Lee — Senator Beckett was referenced in connection with related fiscal management discussion, including a second question about budget stabilization and a comment about the cash management committee.
Mr. Morissette — Was identified as the person to take the discussion offline.
Jody — Asked to hold for a moment before the next presentation.
Kelvin — Was welcomed to begin his presentation.
Kelvin Holden — Introduced himself as chief public affairs officer at the Bank of North Dakota and said he would walk through the match loan program.
Kelvin Holden — Was asked to provide the aggregate return to the Legacy Fund from the CD match program.
Adam — Was asked about the PowerPoint presentation.
President Hardmeyer — Referenced in the historical discussion of the program's funding sources.
SB2330 — Cited as the bill that revised the match loan structure in the 20 session.
Glenn Bosch — Will be on a panel at the conference.
Glenn Bosch — Representative Bosch was referenced as the member who had requested study of the program’s return target, then he explained that the committee had placed a moratorium on new investments pending further discussion of whether the return is appropriate. In the same sequence, he was noted as seconding the motion and later voting yes on it.
Kathy Hogan — Called during the roll call.
Kathy Hogan — In the committee’s closing exchange, Senator Hogan is involved in the motion to elect Senator Klein as chair and another member as vice chair, votes aye on the motion, then remarks that this may be her last meeting and reflects on the committee’s work over the past decade. The discussion ends with others thanking her and saying she will be missed.
Scott Meyer — Called during the roll call and noted as participating remotely.
Scott Anderson — Scott Anderson, Chief Investment Officer of the North Dakota Retirement Investment Office, introduces himself and begins his presentation, briefly notes a scrolling issue with the slides, and then continues with a performance update stating that results as of May 31, 2026, have been very good.
Scott Louser — A question is directed to Representative Scott Louser, and the speaker acknowledges his question and indicates the point will be addressed later in the discussion.
Keith Kempenich — Representative Kempinich asked whether management fees remain within the projected range under the internal investment approach, effectively repeating the same question across two consecutive mentions.
Keith Kempenich — Representative Keith Kempenich discussed the challenge of presenting investment information in a way that is meaningful without losing context. He emphasized that details such as the country involved must be considered as part of the overall investment picture because there are many nuances, and he was addressed by the chair and board members during the same exchange about the limits of how much detail should be shown publicly.
Dwight Kiefert — Asked how many additional FTEs are needed and requested details on staffing and skill sets.
Dwight Kiefert — Referenced as the member asking about staffing needs and employee skill sets.
Dwight Kiefert — Addressed as the member who asked about staffing levels.
Dwight Kiefert — Asked about staffing and investment costs in the prior exchange.
Dwight Kiefert — Responded that he did not have further questions and thanked Scott.
Dwight Kiefert — Addressed during the question-and-answer exchange.
Dwight Kiefert — Representative Kiefert was discussed in a single budget-related exchange about whether invested or otherwise unavailable funds could be recognized or used. The discussion continued with clarification on how those funds would be treated in the budget, and it concluded with the matter being taken offline with Mr. Morissette.
Jody Smith — Identified herself as executive director for the retirement investment office and began explaining staffing needs in relation to asset growth.
Jody Smith — Introduced the website project update as executive director for Rio.
Dick Anderson — Referenced as having noted the office was short-staffed when the witness started.
Glenn Bosch — Representative Glenn Bosch is referenced during the roll call and meeting setup, with the discussion continuing through general meeting logistics and committee membership context.
Glenn Bosch — Representative Bosch asks how the fixed income and equity items fit within the overall asset allocation structure and what percentage of the portfolio they represent, continuing the same line of questioning about the allocation buckets.