Statutes, codes, and regulations
North Dakota Century Code
Title 21 - GOVERNMENTAL FINANCE
Chapter 21-03 - BONDS
Section 21-03-45 - Sinking fund - Surplus placed in general fund

N.D. Cent. Code § 21-03-45

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Current through 2024 Legislative Session
Section 21-03-45 - Sinking fund - Surplus placed in general fund

Any surplus in a sinking fund after all of the bonds for the payment of which the fund was created have been paid and canceled and after all investments of the second and third class finally have been disposed of or realized upon, must, within two years, be placed in the general fund of the municipal treasury.

N.D.C.C. § 21-03-45