N.D. Cent. Code § 15-10-50

Current through 2023 Legislative Sessions

Section 15-10-50 - Liability for pledged amount

If in accordance with section 15-10-48, 15-10-48.1, or 15-10-49, the state board of higher education provides grant funds to an institution, on the basis of a monetary pledge, and if the amount forthcoming is less than the amount pledged, the institutional foundation is liable to the institution for any shortfall.

N.D.C.C. § 15-10-50

Amended by S.L. 2019 , ch. 3( HB 1003 ), § 11, eff. 7/1/2019.

Amended by S.L. 2015 , ch. 131( HB 1151 ), § 3, eff. 7/1/2015.

Amended by S.L. 2013, ch. 34 (SB 2003),§ 40, eff. 7/1/2015.

Added by S.L. 2013, ch. 34 (SB 2003),§ 7, eff. 7/1/2013.