Title 21 — Governmental Finance
15 chapters · 156 sections in this title.
N.D.C.C. § 21-12-01 Definitions
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As used in this chapter, unless the context clearly requires otherwise, the following definitions apply: 1. "Ceiling" means the dollar amount applicable to North Dakota for any calendar year for the issuance of tax-exempt private activity bonds, as determined under the Tax Reform…
N.D.C.C. § 21-12-02 Allocation of ceiling
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In lieu of the formula set out in the Tax Reform Act for allocating the ceiling among the state's governmental units, the governor shall, by executive order or proclamation, establish a different allocation formula which may allocate to a governmental unit a portion of the ceilin…
N.D.C.C. § 21-12-03 Order in which allocations issued
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Allocations of the ceiling may be made on the basis of the chronological receipt of completed applications or, if completed applications are received on the same day by the governor, according to the earliest inducement resolution date, or on a case-by-case basis without regard t…
N.D.C.C. § 21-12-04 Requirements of allocations
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The governor may establish, by executive order or proclamation, other procedures and requirements for the proper allocation of the ceiling, which may include the following: 1. The procedure for notification of approval or disapproval of application for an allocation. 2. The perio…