North Dakota HB1625 amends the sale of the Ray Richards golf course to benefit the University of North Dakota men's varsity golf program.
North Dakota HB1625 amends the sale of the Ray Richards golf course to ensure that 53.57% of the sale price is transferred to a permanent endowment fund for the University of North Dakota men's and women's varsity golf programs. The fund, named the Ray Richards golf endowment fund, is controlled by the university's alumni foundation. Additionally, the bill appropriates $4,000,000 from the sale of the golf course and other funds for capital improvements to the course, benefiting the university's men's varsity golf program.
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