Section 27-04-01-06 - Final agreementJob service North Dakota shall enter into a final agreement with the business within ninety days of the commencement date of the preliminary agreement. The final agreement must contain the following provisions:
1. The starting date and ending date of the training. 2. The length of time each job category will be provided training. 3. The number of new job slots to be created and the number of new jobs to be trained. 4. A repayment schedule outlining all principal and interest payments to be made during the repayment period. 5. Default provisions that are consistent with these rules. 6. A provision specifying that, upon occurrence of an event of default, the business is ineligible for state income tax withholding credit and shall immediately remit payment in full to satisfy the remaining debt service. N.D. Admin Code 27-04-01-06
General Authority: S.L. 1993, Ch. 493
Law Implemented: S.L. 1993, Ch. 493, § 2