N.D. Cent. Code § 15-10-72

Current through 2023 Legislative Sessions
Section 15-10-72 - Disclosure of financial condition

The state board of higher education shall provide a disclosure of the financial condition of an institution to the qualified applicants designated as finalists pursuant to section 44-04-18.27 for the position of president of an institution. The disclosure of financial condition must identify the institution's reserves, recent audit findings, anticipated future funding changes pursuant to chapter 15-18.2, and the institution's composite financial index ratio. The state board of higher education may require the qualified applicants to sign a nondisclosure agreement prior to receiving the disclosure of financial condition.

N.D.C.C. § 15-10-72

Added by S.L. 2023, ch. 3 (HB 1003),§ 18, eff. 7/1/2023.