N.D. Admin. Code 67-10-02-05

Current through Supplement No. 395, January, 2025

Section 67-10-02-05 - Loan approval - Demonstration of need

To be approved for a loan under this chapter, the district shall submit all information requested by the superintendent and submit the application provided by the superintendent.

To be approved for a loan under this section, the district must clearly demonstrate and provide narrative, documents, and other written evidence that the loan application is necessary to fund:

1. An unanticipated construction project;

2. An unanticipated replacement project; or

3. An emergency repair.

N.D. Admin Code 67-10-02-05

Adopted by Administrative Rules Supplement 367, January 2018, effective 1/1/2018.

General Authority: NDCC 15.1-36-02, 28-32-02

Law Implemented: NDCC 15.1-36-02