N.D. Cent. Code § 6-09.12-02
Current through 2023 Legislative Sessions
The North Dakota industrial commission shall establish a program through the Bank of North Dakota for the purpose of participating in loans made by North Dakota financial institutions for oil and gas development projects undertaken by developers within the state. The Bank's total participation in any one loan may not exceed one hundred thousand dollars. The interest on a loan may not be greater than the Bank's base rate as in effect from time to time and may float.
N.D.C.C. § 6-09.12-02