BISMARCK (AP) - North Dakota's oil tax fund now has $707 million in assets.
The Legacy Fund gets 30 percent of the state's oil tax collections. None of the money can be spent until 2017, and even then it takes a two-thirds vote of the Legislature to dip into it.
North Dakota Treasurer Kelly Schmidt says more than $60 million was deposited into the fund this month. It's been collecting oil tax revenue since September of 2011.
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