Statutes, codes, and regulations
North Dakota Century Code
Title 40 - MUNICIPAL GOVERNMENT
Chapter 40-33.1 - MUNICIPAL STEAM HEATING AUTHORITIES
Section 40-33.1-11 - State and city not liable on notes - Exceptions as to cities

N.D. Cent. Code § 40-33.1-11

Download
PDF
Current through the 2023 Legislative Sessions
Section 40-33.1-11 - State and city not liable on notes - Exceptions as to cities

The obligations of an authority shall not be a debt of the state of North Dakota and the state shall not be liable thereon. The obligations of an authority shall not be a debt of a city and a city shall not be liable thereon unless a city agrees to assist in financing projects and facilities through the issuance of municipal bonds or other obligations which are considered to be a part of the debt of the city as provided in section 40-33.1-04.

N.D.C.C. § 40-33.1-11