Title 50 — Public Welfare
62 chapters · 605 sections in this title.
N.D.C.C. § 50-21-01 Revolving loan fund - Appropriation
0.5K chars
The revolving loan fund must be maintained for the purpose of making loans to nonprofit corporations for the construction or reconstruction of nursing homes, basic care facilities, or combination nursing homes and basic care facilities. All funds transferred into the fund, intere…
N.D.C.C. § 50-21-02 Administration of revolving fund
1.0K chars
The revolving fund and loans made therefrom must be supervised and administered by the Bank of North Dakota. All applications for loans under the provisions of this chapter for the construction of nursing homes or combination nursing homes and basic care facilities must be made t…
N.D.C.C. § 50-21-02.1 Revolving fund deposited in state treasury - Expenditures
0.3K chars
The revolving fund must be maintained in the state treasury. All expenditures therefrom must be paid by warrant-check prepared by the office of management and budget upon vouchers submitted by the president of the Bank of North Dakota as approved by the office of the budget.
N.D.C.C. § 50-21-03 Amount of loan - Terms and conditions
1.8K chars
Loans in an amount not exceeding one-half of the cost of construction or reconstruction including the cost or value of real estate upon which the facility is located and in no event exceeding one hundred fifty thousand dollars to any one applicant shall be made by the Bank of Nor…
N.D.C.C. § 50-21-04 Standards - Administration procedure
1.2K chars
The department of health and human services shall establish standards of construction which must be followed by all applicants receiving loans of funds for the construction of nursing homes or combination nursing homes and basic care facilities. The department of health and human…
N.D.C.C. § 50-21-05 Powers of Bank of North Dakota
0.7K chars
The Bank of North Dakota is authorized to do all acts or things necessary to negotiate said loans which specifically includes the power to take such security as prescribed herein and to bring suit against any nonprofit corporation in order to collect interest and principal due th…