N.D. Cent. Code § 54-17.2-20

Current through 2023 Legislative Sessions

Section 54-17.2-20 - Disposition of income - Building authority fund

The proceeds of and any revenue derived from the sale of evidences of indebtedness, charges, fees, or rentals, and all other revenue derived from any project undertaken pursuant to this chapter must be held in trust for the purposes of this chapter, in a special fund known as the building authority fund. Disbursements shall be made from the fund upon the resolution of the commission. The building authority fund established by this chapter may contain such accounts as authorized by the commission.

N.D.C.C. § 54-17.2-20