N.D. Cent. Code § 40-36-14

Current through the 2023 Legislative Sessions

Section 40-36-14 - Recourse to general fund to pay refunding bonds prohibited - Credit or taxing power not pledged to payment

No recourse shall be had to the general fund of any municipality for the payment of refunding bonds or interest thereon, or any part thereof. The credit or taxing power of any municipality shall not be deemed to be pledged to the payment of refunding bonds.

N.D.C.C. § 40-36-14