N.D. Cent. Code § 61-40-09

Current through the 2023 Legislative Sessions
Section 61-40-09 - Default

If the western area water supply authority defaults on its payment of the principal or interest on the infrastructure revolving loan provided for in section 61-40-14, the Bank of North Dakota shall notify the legislative council, and the state water commission shall provide a payment, subject to budget section approval, to the Bank of North Dakota in an amount of the default as certified to the budget section by the Bank of North Dakota.

N.D.C.C. § 61-40-09

Amended by S.L. 2023, ch. 52 (SB 2020),§ 22, eff. 5/9/2023.
Amended by S.L. 2023, ch. 577 (SB 2196),§ 2, eff. 5/9/2023.
Amended by S.L. 2013 , ch. 490( SB 2233 ), § 22, eff. 7/1/2013.
Added by S.L. 2011 , ch. 500( HB 1206 ), § 1, eff. 5/5/2011.