Statutes, codes, and regulations
North Dakota Century Code
Title 54 - STATE GOVERNMENT
Chapter 54-17.2 - NORTH DAKOTA BUILDING AUTHORITY
Section 54-17.2-13 - Resolutions for evidences of indebtedness authorized - Maximum amount outstanding - Legislative approval required

N.D. Cent. Code § 54-17.2-13

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Current through 2023 Legislative Sessions
Section 54-17.2-13 - Resolutions for evidences of indebtedness authorized - Maximum amount outstanding - Legislative approval required

The commission may at any time provide by resolution for the issuance of evidences of indebtedness for the purpose of paying all or any part of the cost of one or any combination of projects; provided, however, that no project may be leased by the commission to the state, nor any evidences of indebtedness be sold to raise the funds for payment, acquisition, or construction of a project until the legislative assembly by law authorizes the specific project or projects and declares the project or projects to be in the public interest.

N.D.C.C. § 54-17.2-13