N.D. Admin. Code 33.1-35-01-03

Current through Supplement No. 395, January, 2025

Section 33.1-35-01-03 - Refinancing

Loans may be made to political subdivisions to refinance existing debt obligations if they were incurred and building was initiated after March 7, 1985, and if the debts were used to finance projects identified in the intended use plan. In addition, the projects must satisfy the statutory requirements contained in section 602(b)(6) of the Act.

N.D. Admin Code 33.1-35-01-03

Adopted by Administrative Rules Supplement 370, October 2018, effective 1/1/2019.

General Authority: NDCC 61-28.2-01; S.L. 2017, ch. 199, § 1

Law Implemented: NDCC 61-28.2-01; S.L. 2017, ch. 199, § 70