Title 21, Governmental Finance
15 chapters · 155 sections in this title.
N.D.C.C. § 21-13-01 Definitions
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As used in this chapter, unless the context or subject matter otherwise requires: 1. "Political subdivision" means a local government unit created by statute or by the Constitution of North Dakota for local governmental or other public purposes. 2. "Revenue" means any of the foll…
N.D.C.C. § 21-13-02 Political subdivision authority to enter agreement for bank or credit union loans
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A political subdivision may borrow against its anticipated revenue, from a bank or credit union located in this state. A bank or credit union loan and terms must be authorized by resolution of the governing body for the political subdivision. The resolution must identify the reve…
N.D.C.C. § 21-13-03 Limit on amount of loans - Loan terms
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Except as limited by this section, a bank or a credit union and political subdivision may agree to terms and conditions of a bank or credit union loan, including the rate of interest and any collateral. 1. A political subdivision may have no more than five hundred thousand dollar…
N.D.C.C. § 21-13-04 Delinquent loans
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If designated revenues are not sufficient to pay a loan balance, in addition to the designated revenues, the political subdivision may set aside up to ten percent of the amount of the collections from current tax revenues to pay to the lending bank or credit union on a monthly ba…