Title 17 — Energy
9 chapters · 39 sections in this title.
N.D.C.C. § 17-03-01 Definitions
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In this chapter, unless the context or subject matter otherwise requires: 1. "Biodiesel production facility" means a producer of a fuel composed of mono-alkyl esters of long chain fatty acids derived from vegetable oil or animal fats that meets American society for testing and ma…
N.D.C.C. § 17-03-03 Fund - Purpose - Interest rate buydown
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Moneys in the fund must be used for the purpose of buying down the interest rate on loans made by a lead financial institution in participation with the Bank of North Dakota. The Bank of North Dakota's participation may not exceed eighty percent nor be less than fifty percent of …
N.D.C.C. § 17-03-04 Fund moneys - Eligible uses
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1. a. The fund moneys may be used to participate in an interest rate buydown on a loan to a biodiesel, ethanol, or green diesel production facility or to a value-added operation for the following eligible uses: (1) Purchase or construction of real property. (2) Expansion of facil…
N.D.C.C. § 17-03-05 Partnership in assisting community expansion fund incentive limitation
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A biodiesel production facility, ethanol, or green diesel production facility that receives interest buydown from the biofuel partnership in assisting community expansion fund is not eligible to receive interest buydown from the partnership in assisting community expansion fund f…