N.D. Admin. Code 69.5-01-10-03

Current through Supplement No. 394, October, 2024

Section 69.5-01-10-03 - Investing the fund

All moneys held in the North Dakota purse fund must be separately invested and reinvested in any combination of government obligations, certificates of deposit, or bank deposit accounts or trust companies organized under the laws of the United States of America or state thereof, provided that such certificates of deposit must be insured by the federal deposit insurance corporation or the federal savings and loan insurance corporation.

N.D. Admin Code 69.5-01-10-03

Effective January 1, 1990.

Amended by Administrative Rules Supplement 2022-386, October 2022, effective 10/1/2022.

General Authority: NDCC 53-06.2-04, 53-06.2-05

Law Implemented: NDCC 53-06.2-11