Title 15 — Education
120 chapters · 633 sections in this title.
N.D.C.C. § 15-72-01 Trust establishment
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The coal mine reclamation trust is established to reclaim coal mines at the direction of the public service commission by utilizing private assets pledged as collateral which may be used to fulfill the performance bond obligations under section 38-14.1-16 and North Dakota Adminis…
N.D.C.C. § 15-72-02 Powers and duties of the board - Transfer
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The board of university and school lands shall set up a coal mine reclamation trust. The coal mine reclamation trust may receive and accept assets as directed by the public service commission which are held in the public service commission's custody under North Dakota Administrat…
N.D.C.C. § 15-72-03 Assets and custody
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1. Any person proposing to pledge assets to the public service commission's custody under North Dakota Administrative Code chapter 69-05.2-12 shall certify to the public service commission: a. The trust will have first priority security interest in the pledged assets in accordanc…
N.D.C.C. § 15-72-04 Trust management
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The board of university and school lands must be reimbursed from trust proceeds for all reasonable costs and expenses incurred in the management of trust assets and the investment of trust proceeds. Reimbursements to the board must be deposited in the trust fund account from whic…
N.D.C.C. § 15-72-05 Continuing appropriation for trust management
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There is appropriated annually the amounts necessary to pay expenses for assets held in trust under this chapter and managed by the board of university and school lands, including expenses for survey costs, surface lease refunds, weed and insect control, cleanup costs, capital im…